Sports Direct Gets 220 Million-Pound Loan to Refinance

Sports Direct International Plc (SPD), the U.K.’s biggest sporting goods retailer, said it got a 220 million-pound ($355 million) loan to refinance an existing facility.

Sports Direct agreed to pay initial interest of 175 basis points over the London interbank offered rate on the new three- year borrowing, the Mansfield, England-based company said in a statement. A basis point is 0.01 percentage point.

HSBC Holdings Plc, Barclays Capital and Svenska Handelsbanken AB led a group of 10 banks providing the financing, according to the statement.

To contact the reporter on this story: Karen Eeuwens in London keeuwens@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

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