Covid-19/adidas: company to benefit from a €3bn "syndicated loan" mostly from a state-owned bank

News Tank Football - Paris - News #180745 - Published on 16/04/20 at 15:56
©  D.R.
Adidas store - ©  D.R.

"In order to safeguard the company's financial flexibility (during the Covid-19 pandemic), adidas received the approval of the German government for the participation of KfW, Germany's state-owned development bank, in a syndicated revolving loan facility amounting to €3bn," said the German equipment manufacturer on 14/04/2020.

"One of the...

©  D.R.
Adidas store - ©  D.R.

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