JJB bank agreement extended

SPORTSWEAR retailer JJB has extended its standstill agreement with bank lenders by 12 days, at a cost of £166,500.

The fee for the latest agreement, which ends on February 12, will be offset against the fees the company has already agreed to pay to lenders Barclays, Kaupthing and HBOS.

Last week the company announced it was to pay £8.3m in fees for the original seven week standstill agreement entered into on December 10.

The company said in a statement to the stock market that it “continues to be in an active and constructive dialogue with its lenders”.