Sports Direct has secured a credit facility worth £220 million, Financial Times reports. The U.K. sporting goods retailer obtained the new loan to refinance its existing credit facility. A consortium of 10 banks, headed by HSBC, Barclays and Handelsbanken of Sweden, were the lead arrangers of the credit line. The group has asked for an interest rate of 175 basis points higher than the London interbank loan rate.
Click here for the story from Financial Times.