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BofA Merrill Lynch, Sport Chalet Increase Credit Facility to $75 Million

August 15, 2013, 07:03 AM
Filed Under: Retail

Sport Chalet, a  specialty sporting goods retailer, has amended its existing credit facility with Bank of America Merrill Lynch, increasing the facility to $75 million and extending its term. The amendment to the credit facility was entered into on August 8, 2013, and will mature in August 2018. It replaces the company's existing $65 million facility, which was scheduled to mature in October 2014.

Jeff McLane, president of Bank of America Business Capital, said, "Bank of America Merrill Lynch and Sport Chalet have had a strong relationship for many years, and we are pleased to maintain that commitment as Sport Chalet continues to grow. This increased credit facility is a great example of how Bank of America Merrill Lynch is focused on helping leading companies meet their financial goals."

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