Amendment to Revolving Credit Facility ExecutedRevolving Credit Facility Amendment • May 31st, 2022
The RCF amendment agreement (i) amends and restates certain provisions of the RCF, including, in particular, the extension and increase option as well as certain minimum cash requirements and (ii) provides for an incremental funding obligation and certain additional information undertakings of the company. Furthermore, the RCF amendment agreement suspends the net leverage ratio testing covenant to cure a formal breach by the company of such covenant as of 31 March 2022 and amends the consolidated adjusted EBITDA thresholds which the company will be required to maintain in its fiscal years 2023 and 2024.
Amendment to Revolving Credit Facility ExecutedRevolving Credit Facility Amendment • May 31st, 2022 • SIGNA Sports United N.V. • Retail-miscellaneous shopping goods stores
Berlin, Germany (31 May 2022) – On 30 May 2022, SIGNA Sports United GmbH and the lenders under the company’s revolving credit facility (RCF) have entered into an amendment agreement to the existing revolving credit facility.
Amendment to Revolving Credit FacilityRevolving Credit Facility Amendment • May 26th, 2022
The RCF amendment will change and restate certain provisions, covenants, and conditions precedent, including additional liquidity of up to EUR 200 million. On 3 May 2022 the Company entered into an agreement with SIGNA Holding GmbH to provide up to EUR 100 million in the form of a working capital facility. The remaining EUR 100 million is anticipated to be funded via a capital increase by the end of the fiscal year 2022. The Company is confident the additional liquidity will be sufficient to fund its current organic growth plans.
