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Wanda Sports Group signs $240m loan facility

Wanda Sports Group, the sports unit of Chinese conglomerate Dalian Wanda, has agreed a $240m (€215.3m) senior term loan facility with Credit Suisse.

Wanda’s sports arm said that the loan agreement will enable it to refinance and prepay its existing senior 364-day loan facility (dated March 15, 2019), increasing its liquidity and reducing financing costs.

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