The Adidas Group has signed a revolving credit facility worth €500 million with a pool of banks, following an oversubscribed offer. The new five-year facility incorporates two options for a one-year extension which are to be excercised at the end of the first and the second year, respectively. With the new transaction, the group can keep itself flexible financially while securing more long-term and cost-effective financing.  As the company now has the financial muscle to reduce the size of its revolving credit, thanks to its strong cash flow generation, the new line is set to replace a bigger €2 billion credit facility, established in October 2005, that will expire at the end of this year.

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