Castore secures new debt facility with NatWest

British premium sportswear brand Castore has signed a new debt financing facility with NatWest, securing a financial boost for the fast growing company.

Castore will use the facility for general corporate purposes and continue driving transformational growth in keeping with its Better Never Stops ethos.

The brand added the latest partnership demonstrates "strong conviction in the Castore business model" and is testament to the growth and strong profitability achieved by the business to date as well as its future trajectory.

Founded in 2016 by Tom and Phil Beahon, Castore has quickly established its reputation as a young, high-growth company disrupting the global premium sportswear sector. The brand has become well-known through partnerships with leading sports teams globally, including Newcastle United, McLaren Racing, Rangers FC, Wolverhampton Wanderers FC and Samoa Rugby.

Tom Beahon, Co-Founder of Castore, said: "Securing this debt facility with NatWest is a significant step in Castore’s exciting growth plans. Castore’s business model combines the most attractive aspects of Team Sports and D2C apparel to produce an optimal blend of high growth and low risk. This facility will help further accelerate Castore on its mission of becoming the #1 premium sportswear brand in the world by 2025."

Chris Logan, Senior Director of Corporate and Commercial Banking at NatWest, added: "We have been long admirers of Castore and are delighted to have secured this facility with the business. The business has delivered exceptional financial performance since inception, and we look forward to a long-term partnership as the business continues its stellar growth trajectory."