Daily News: December 17, 2013

GE Capital Agents Facility for Dunham’s Athleisure

GE Capital, Corporate Retail Finance announced it is administrative agent on a $250 million senior revolving credit facility for Dunham’s Athleisure. The proceeds will support ongoing working capital needs and new store growth.

“We support the growth of retailers as they expand in new markets,” said Jim Hogan, senior managing director, GE Capital, Corporate Retail Finance. “We have a long history working with and fueling the growth and business plans of sporting goods companies nationwide.”

“GE Capital’s expertise in lending to retailers and experience in the sporting goods sector made a big difference in this financing,” said Al Blazek, CFO for Dunham’s. “They worked hard to enable us to capitalize on today’s favorable credit markets.”

Founded in Waterford, MI in 1937, Dunham’s is a Midwest sporting goods chain with 200 stores in 17 states.