GE Capital Provides Plan of Reorganization Facility to Sportsman's Warehouse
Thursday, August 20, 2009
GE Capital, Corporate Finance 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.
"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."
Based in Midvale, UT, Sportsman's Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping.
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