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Sports Direct Gets 220 Million-Pound Loan to Refinance

Sports Direct International Plc, 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.

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