The Big a received German government approval for KfW, the country’s state-owned development bank, to lead a syndicate of lenders providing the revolving loan facility, which will backstop its balance sheet against fallout from the coronavirus pandemic. KfW is providing €2.4 billion and the other €600 million in loan commitments will come from a consortium including UniCredit, Bank of America, Citibank, Deutsche Bank, HSBC, Mizuho Bank and Standard Chartered Bank. Duration of the facility is 15 months, until July 2021. The financing is conditioned on Adidas not paying any dividends before the debt is repaid, but it had already moved ... Log in to view full article.