Daily News: April 17, 2014

GB Credit Partners Participates in $42.5MM Shopko Financing

GB Credit Partners announced that it participated in providing Shopko Stores Operating Co. with a $12.5 million increase to the company’s existing term loan. The financing provided by GB Credit Partners is secured by Shopko’s inventory, accounts receivable and real estate.

Shopko is a discount department store retailer with over 330 stores throughout the western and central United States. The company operates under the Shopko, Shopko Hometown, Shopko Express Rx and Shopko Pharmacy banners, offering name-brand merchandise as well as pharmacy and optical services to small and mid-sized communities.