Banks give JJB more time (Dealscape

Lenders to JJB Sports plc Tuesday, March 17, gave the retailer another week of breathing space as the company enters the final stage of the sale of its fitness clubs, which it hopes will allow it to avoid bankruptcy.

Lloyds Banking Group plc's HBOS unit, Barclays plc and Kaupthing hf. extended standstill arrangements on £60 million ($84.4 million) of debt for the third time until March 24 after the deadline expired at midnight on Monday.

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NOT A SUBSCRIBER? Banks give JJB more time Posted on March 17, 2009 3:30 PM Lenders to JJB Sports plc Tuesday, March 17, gave the retailer another week of breathing space as the company enters the final stage of the sale of its fitness clubs, which it hopes will allow it to avoid bankruptcy. Lloyds Banking Group plc's HBOS unit, Barclays plc and Kaupthing hf. extended standstill arrangements on £60 million ($84.4 million) of debt for the third time until March 24 after the deadline expired at midnight on Monday. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 792 in-depth reports of Bankuptcies deals in the Health care sector 34 articles related to JJB Sports plc 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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