PwC later announced that Travelex had completed a debt restructuring. The deal provided £84m of new funding, reduced the business's debt and safeguarded 1,802 UK jobs and a further 3,635 globally. The deal also resulted in the majority of its UK store estate closing with immediate effect and 1,309 UK redundancies. As a result of the deal, Travelex was no longer a Finablr subsidiary, with the company now under the ownership of its debt holders.
