Adidas Received 500 Million Euros Of Credit.

Nike is concerned all over the world.

At the time of the Olympic Games, Adidas suddenly announced that it had obtained a new credit limit.

It is reported that the company announced on Wednesday (June 27th), the day before (June 26th) signed a high of 500 million euros in revolving credit lines.

The new credit line has replaced the credit limit of more than 2 billion euros due this year.

It is reported that Adidas (Adidas) this time.

It is provided by a number of banks, including Bayerische Landesbank, HSBC HSBC (Bank) and Mizuho Industrial Bank (Mizuho Corporate Bank), Bavaria.

The credit limit is valid for 5 years, with two extension opportunities, each with a delay of 1 years.

It is reported that the amount of actual pactions is significantly exceeded.

"In recent years, we have continuously strengthened our capital structure and used various means of financing," said Robin Stalker, chief financial officer of Adidas (Adidas).

Because of our continued strong cash flow generation, we can reduce the total amount of new revolving credit lines.

The company is the key export shoe factory of the double star group. In June 26th, Wang Hai, President of Binxing group, encouraged the staff morale in the production line of the Hai Jiang company, and listened to the company leader's report on the basic management such as equipment management, weighing measurement and so on. The site surveyed various weighing data, set up management files and innovative projects, and affirmed and commended the achievements.

At the same time, we also inspected Hai Jiang's new product development, ecological farms and many other work, and encouraged Hai Jiang to continue its efforts to create the best export shoe factories in China.