adidas-Salomon has mandated an international banking syndicate to arrange an 800 million euro Revolving Credit Facility, which will serve as a replacement for the medium-term lines which the Group terminated in the summer of 2004. This measure will allow adidas-Salomon to continue to improve its financing structure by further optimizing fees and extending maturities of its available credit lines.
The facility, which matures in February 2010 and includes two one-year extension options exercisable at the end of the first and second years, will be arranged by Barclays Capital, The Royal Bank of Scotland plc, BNP Paribas, HSBC Bank plc and West LB. Syndication will be launched at the beginning of 2005 to a selected group of adidas-Salomons relationship banks. Pricing details will be made available at a later stage.
