MidCap Financial Closes $60MM Senior Secured Credit Facility to Bob’s Stores and Eastern Mountain Sports

MidCap Financial provided a $60 million senior secured credit facility, consisting of a $50 million asset-based revolving line of credit and a $10 million term loan, as well as a $500,000 preferred equity co-investment to Bob’s Stores and Eastern Mountain Sports (EMS). Proceeds of the facility supported GoDigital Media Group’s acquisition of Bob’s and EMS and will be used to provide for the business’ ongoing working capital needs.