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.