Amer Sports Corp. is borrowing €1.2 billion (US$1.4 billion) via an “intercompany facilities agreement” from Mascot Bidco Oy, the consortium of investors led by Chinese-based Anta Sports that is acquiring Amer.

Under the seven-year agreement, Mascot Bidco will provide Amer Sports a term loan of up to approximately €921 million (US$1 billion) for the “refinancing of existing indebtedness” and a revolving line of up to €315 (US$352.5 million) for “general corporate purposes.”