Signa Sports United says equity commitment from largest shareholder to cover operational and investment funding needs into 2025 financial year, according to statement.
- Hard financing commitment, without terms for now, comes on top of pledge earlier this year for buying up to €230m in convertible bonds
- Company also says it’s working to extend revolving credit facility maturing May 2024
- Management sees “some improvement” in operating conditions in 4Q
- NOTE:
Billionaire Benko Writes Off $261 Million at Cycling Unit Wiggle
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