Adidas refinances crisis deal with €1.5bn loan as bankers push similar route

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By Mike Turner
12 Nov 2020

Adidas, the German sportswear company, has signed a €1.5bn loan to replace an emergency facility from KfW signed during the worst of the coronavirus pandemic. It has raised €3bn of debt since taking the crisis loan.

The new syndicated loan has a five year maturity. Deutsche Bank and HSBC were coordinators. 

“The KfW loan has enabled us to bridge the exceptional circumstances resulting from the coronavirus pandemic and steer the company through the crisis,” said Harm Ohlmeyer, Adidas chief financial officer, who added that the ...

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