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.
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