Manchester-headquartered sportswear brand Castore, whose logo is featured on the kits of Premier League clubs, international cricket teams and worldwide superstars, has been valued a £750m.
The brand is backed by the likes of tennis star Andy Murray and the Asda-owning billionaire Issa brothers and has agreed a secured revolving credit facility from three banks worth £50m.
The company has the ability to extend the facility by an additional year, from the current three, and increase it to £75m. READ MORE: Click here to sign up to the BusinessLive North West newsletter The business said the facility 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".
The company also said it will allow it to broaden its banking partners by establishing relationships with BNP Paribas, HSBC UK Bank plc and Silicon Valley Bank UK.