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Update on Banking Facility

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RNS Number : 1327X
Sports Direct International Plc
21 November 2017
 

21 November 2017

 

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

 

Update on banking facility

 

Sports Direct is pleased to announce that it has recently entered into a new Revolving Credit Facility ("RCF") which replaces its existing facility.  The RCF, which is valid for four years (with a one year extension option), will provide the Group with access to borrowings of up to a maximum amount of £907.5m. However, the Company anticipates that, due to our ongoing high street elevation strategy, it is likely that we will seek via an accordion arrangement to increase this facility to c. £1billion.

Ends.

 

Sports Direct International plc

Cameron Olsen, Company Secretary

 

T. 0344 245 9200

E. investor.relations@sportsdirect.com

KBA PR                                 

Keith Bishop

 

T. 0207 734 9995

E. sd@kbapr.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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