Pathlight Capital served as the administrative agent on a $45 million senior secured term loan for Sportsman’s Warehouse, an outdoor sporting goods retailer that’s been in operation for over 35 years. Proceeds from the facility will be used to support ongoing working capital needs, as well as for other general corporate purposes.
“We are pleased to have a great financial partner such as Pathlight to secure our recent financing,” Jeff White, chief financial officer of Sportsman’s Warehouse, said. “They understand and support our industry, worked quickly to meet our timing and believe in the team’s long-term strategy to return the business to growth. We look forward to growing our partnership with the Pathlight team.”
“I’ve followed this business throughout my career and I am excited to finally have the opportunity to partner with this management team to support their initiatives,” Mark Twomey, partner at Pathlight, said.
“Sportsman’s services a vital segment of the outdoor sporting goods market,” Roger Malouf, managing director at Pathlight, said. “The term facility provides flexibility and incremental liquidity, supporting management’s efforts to enhance their customers’ experience.”
