JJB has extended its standstill agreement with its lenders.
The standstill agreement agreed in December allowed the sports retailer breathing space to repay a£20m bridging loan from Kaupthing.
Instead its lenders Barclays, HBOS and Kaupthing agreed it could pay£20m pro rata across the banks.
JJB said in a statement today the agreement had been extended until February 12.
It said: “In connection with the extension the company has paid the lenders a fee of£166,500 that will be offset against the fees the company has already agreed to pay.”
The arrangement to defer the loan payments cost JJB£8.3m.
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