Sports Direct International announced a refinancing of its banking arrangements with a new three-year unsecured facility of £220m through a club of ten banks led by HSBC, Barclays and Handelsbanken.
The U.K. retailer said that at its current level of debt, the interest rate payable is 175 basis points over LIBOR.
CEO Dave Forsey said the deal “provides the group with ample funding to pursue its business and strategic objectives.”
Separately, the group said it could confirm that no individuals connected to Sports Direct were under investigation following the Serious Fraud Office's investigation of the company and JJB Sports.
In October the SFO had completed its investigation into the companies, bringing no charges, but continued the investigation in relation to individuals.
