Update on Banking Facility

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. [e-mail]
KBA PR                                  Keith Bishop	T. 0207 734 9995 E. [e-mail]

 

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