XXL ASA ("XXL") announces today that it has consented to a transfer of the creditor position under its secured revolving loan facility agreement, including all security thereunder. The consent is given in respect to a binding agreement for such transfer which was last night been entered into between XXLs current lenders as transferors and Sportsdirect.com Retail Ltd as transferee.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Tolle O. R. Grøterud, Investor Relations Officer at XXL ASA, at the date and time provided.
ABOUT XXL ASA: XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.