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Sports Direct seeks £1bn credit facility

3028041 sports direct exterior

Sports Direct has increased its revolving credit facility to £907.5m, as it seeks a deal to extend the limit to around £1bn.

The agreement for the new facility is valid for four years, with the option of a one-year extension.

A statement on the London Stock Exchange reads: “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£1bn.”

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