Frasers Group announced that it has now entered into a new Term Loan and Revolving Credit Facility with its banks which replaces its existing facility of ?913.5 million. The New Facility, which is valid for three years (with 2 one year extension options for a total tenor of up to five years), will provide the Group with access to borrowings of up to an aggregate amount of ?930 million. The facility includes an accordion option to increase this facility to ?1.2 billion.