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Delivering a c.£1.7 billion multi-lender facility for JD Sports’ international expansion.
Download the PDFGlobal FTSE100 multi-lender financing case study: Financing sports fashion’s global frontrunner
Global FTSE100 multi-lender financing case study: Financing sports fashion’s global frontrunner
£1.7 billion multi-lender financing for JD Sports.
Delivered with 10 global banks.
Supporting omnichannel growth internationally.
Another client success story, supported by Addleshaw Goddard.
We advised FTSE100 global retailer JD Sports Fashion Plc on its new £1 billion multi-bank revolving credit facility and associated $700 million term loan, designed to support the Group’s ongoing international expansion. This financing marks a shift in JD’s funding approach, following a review by its new leadership team on the structure and new strategy.
Our longstanding relationship with JD Sports, spanning over a decade, meant we were trusted to deliver this high-profile transaction. The company wanted to undertake a large debt restructuring project, which would support wider plans of expanding the business. The project would need to deliver scale, flexibility and international capabilities and considerations to help support JD’s strategic intentions.
A few fast facts
What happened
In close collaboration with JD’s CFO Dominic Platt and Rothschild & Co as debt advisors, we negotiated, structured and executed a new funding strategy. This involved 10 of the world’s leading international banks supporting JD’s ambitious growth plans.
This part of the project was vital to support the wider plans of the business, especially internationally, to further expand. To ensure the project translated across borders, we leveraged our expertise from our Spanish, Irish and UK offices, and engaged with our network of ‘best friend’ firms in our Global Connect programme to facilitate work in Italy, Australia and the USA.
The outcome
JD Sports now has a debt structure that supports its medium and long-term strategic goals of international expansion and repositioning its brand in various jurisdictions. The new facility is a cornerstone in JD’s plan to become a leading global sports-fashion powerhouse, enabling expansion into high-growth markets and strengthening its omnichannel presence.
This deal cements our reputation as a trusted adviser to leading global brands and FTSE-listed companies on complex, cross-border, multi-lender financings.
We are delighted to have supported JD Sports on this landmark financing, which delivers the scale, flexibility and international capability to match the Group’s global footprint and strategic ambitions. It’s a testament to JD’s standing in the market that these facilities attracted the support of 10 major international banking institutions.
Key contacts
Martin O'Shea
Partner, Finance
United Kingdom
United Kingdom
James Garner
Managing Associate, Finance
Manchester
Manchester
Ray Byrne
Partner, Head of Finance (Ireland)
Ireland
Ireland
Joaquín Sales
Partner, Finance
Spain
Spain