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Birmingham Post

Business

Jon Robinson

Andy Murray-backed Castore increases funding to £75m after record-breaking sales

Castore Andy Murray Manchester

Sportswear brand Castore has increased the size of debt facility to £75m off the back of record-breaking sales.

The Manchester-headquartered company has upped its financial backing from HSBC, BNP Paribas and Silicon Valley Bank after previously agreeing a £50m revolving credit facility in 2022.

The business said the deal will give it "additional levels of liquidity to further support the group's strategic growth ambitions" and "lengthen the maturity of its committed debt facilities, enhancing Castore's financial flexibility".

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