Sportswear brand Puma has secured more than US $ 705 million in additional financing, aimed at strengthening its liquidity position and reducing reliance on its existing revolving credit line, the company said on Thursday.
The fresh funding comprises a US $ 588 million facility and US $ 127 million in committed credit lines, both with maturities of up to two years. The new US $ 588 million facility was fully guaranteed by Santander Corporate & Investment Banking (Santander CIB).
Puma said the financing is intended to lower utilisation of its current US $ 1.41 billion revolving credit facility while enhancing overall financial flexibility as it works towards finalising a longer-term funding structure.
Markus Neubrand, chief financial officer of Puma SE, said the additional credit arrangements will bolster the company’s financial flexibility during the interim period as strategic funding plans are finalised. He noted that the expanded commitments from the brand’s banking partners reflect confidence in Puma’s business model and strategic direction. Neubrand added that the increased support positions the company to advance its strategic priorities and its ambition to become a top-three global sports brand.
The financing announcement comes as Puma continues to navigate a challenging global market backdrop, balancing liquidity management with efforts to sustain growth and competitive positioning.
