GE Capital Provides $50 Million Plan of Reorganization Credit Facility to Sportsman’s Warehouse
NORWALK, Conn.-- GE Capital, Corporate Finance today announced it provided a $50 million plan of reorganization credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer. The loan was used upon the company’s recent emergence from Chapter 11 to refinance the $85 million debtor-in-possession financing GE Capital provided the company in March.
Based in Midvale, UT, Sportsman’s Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping.
“GE has worked with our company as we’ve reorganized and continues to provide the capital required to help meet our objectives,” said Kevan Talbot, CFO of Sportsman’s. “We appreciate having a lender with in-depth retail expertise.”
“We specialize in providing capital to retailers seeking to reenergize their business,” said Tim Tobin, managing director of retail restructuring for GE Capital, Corporate Finance. “Understanding the nuances of retail allows us to quickly assess liquidity needs and structure financing to support business objectives.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance is one of the largest providers of asset-based, cash flow and structured loans and leases for mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace & Defense, Automotive & Transportation, Chemicals & Plastics, Corporate Aircraft, Financial & Business Services, Food, Beverage & Agribusiness, Government Finance, Marine, Metals & Mining, Paper, Packaging & Forest Products, Retail, Technology & Electronics. Visit gelending.com/clnews.
About GE Capital
GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. For more information, visit the company’s Web site at ge.com.
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