REG - Sports Direct Intl. - Update on Banking Facility <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

21/11/2017 14:10

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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