Law firm Addleshaw Goddard said it advised JD Sports Fashion plc, the Bury-based FTSE 100 retailer, on its new £1 billion multi-bank revolving credit facility and associated $700 million term loan.

“The facilities were arranged with a syndicate of 10 international banks and represents a major milestone in the Group’s financial strategy, reinforcing JD Sports’ position as a leading global omni-channel retailer of sports fashion and outdoor brands,” said Addleshaw Goddard.

“The Addleshaw Goddard team was led by partner Martin O’Shea, with support from specialists across the firm’s finance, cross-border, and retail sector teams.”

In May, JD Sports said it increased dividends paid in the year to February 1, 2025, to £52 million, as group revenue rose 8.7% to £11.458 billion. Profit before tax fell 11.8% to £715 million, due partly to an increase of £53 million in adjusting items.

O’Shea said: “We are delighted to have supported JD Sports on this landmark financing, which delivers the scale, flexibility and international capability to match the Group’s global footprint and strategic ambitions.

“It’s a testament to JD’s standing in the market that these facilities attracted the support of 10 major international banking institutions”.