Sportswear retailer Sports Direct International Plc today (9 March) said it is in the clear after a probe by the Serious Fraud Office – and has secured GBP220m (US$357m) in refinancing.

The new three-year unsecured facility is through a club of ten banks led by HSBC, Barclays and Handelsbanken, and “provides the group with ample funding to pursue its business and strategic objectives,” according to CEO Dave Forsey.

The retailer also confirmed none of its employees are under investigation after it bought 31 stores from rival JJB Sports in 2009.

Sports Direct's acquisition was cleared by the Competition Commission in March last year, and the Serious Fraud Office completed its investigation in October. An ongoing investigation in relation to individuals has now finished as well.