Jon Adgemis Secures $400 Million Refinancing Deal to Rescue Pub Empire

Former KPMG dealmaker turned publican Jon Adgemis has secured a crucial $400 million refinancing deal with a consortium led by Deutsche Bank, rescuing his pub empire from potential collapse. The agreement, signed by Adgemis' Public Hospitality Group, relieves the company's heavy debt burden, although it necessitates the sale of several assets to meet financial obligations.

Sources familiar with the matter revealed that the long-awaited deal was finalized this week, with major lenders including Deutsche Bank, Gemi Investments, and Archibald Capital.