Adidas completes refi at 40bp margin

Unrated German sportswear manufacturer adidas has signed a €500m five year revolver at a margin of just 40bp.

  • 27 Jun 2012

The loan, which has two one year extension options available, replaces a far larger €2bn facility signed in October 2005and expiring later this year. That outstanding facility had an initial margin of just 17.5bp.

The new deal also carries a commitment fee of 14bp.

Bayerische Landesbank, HSBC and ...

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