The four banks led by Barclays Corporate have joined forces as arrangers to refinance JD Sports Fashion’s existing debt and provide funding to support their growth plans. Barclays Corporate has secured a £30m hold with HSBC, Lloyds and RBS each agreeing £15m as part of the funding package.
JD Sports Fashion plc, a FTSE 250 company which is based in Bury, Manchester, has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, JD Sports.
Following its recent acquisition of Champion Sports in Ireland, the JD Group now has a total of 563 stores across a number of fascias including 30 stores in the Republic of Ireland and 76 stores in France.
The Eversheds team was led by Partner Nigel Dale.
Nigel Dale said:
“JD Sport is a British business with a long history on the UK high street. The company has gone from strength to strength over the years and we are confident that this funding package will help them to continue with their success.”
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