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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Capital Finance Leads Facility Upsize for Sportsman's Warehouse
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Lenders/Participants
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Wells Fargo Capital Finance [Lead Lender]
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Structure
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Revolver Upsize; T/L Addition
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Amount
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$290.000
Million
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Borrower(s)
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Sportsman's Warehouse Holdings, Inc.
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Description
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On May 23, 2018, it amended its existing credit agreement to increase the borrowing capacity under its existing revolving credit facility by $100 million to $250 million, subject to a borrowing base calculation, and to provide for a new $40 million term loan. The Company used the proceeds from the new term loan and borrowings under the revolving credit facility to repay its prior term loan in full that was scheduled to mature on December 3, 2020. The maturity date of the revolving credit facility was extended to May 23, 2023, and the term loan will also mature on May 23, 2023. As a result of the Company’s repayment of its prior term loan, the Company will no longer be subject to financial ratio covenants in its debt agreements, and the refinancing is expected to reduce interest expense by approximately $4.5 million on an annualized basis.
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Industry
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Retail
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| Related Tags |
Wells Fargo Capital Finance
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ABL Advisor
Deal Tables
2024
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