Blacks Leisure has entered into talks with its bank to extend its banking facility to help its long-term financial position.

It said it was in talks with Lloyds Bank to extend its facility which would help it speed up the exit of its loss making boardwear business and develop its outdoor stores portfolio.

In a statement Blacks said: “In order to provide the group with a stable platform whilst working towards an appropriate long-term financing solution, Lloyds Banking Group continues to provide a £35m banking facility, extending the term until 31 August 2009.” 

The group is expected to update the market on its full year results next week.