GE Commercial Finance Corporate Lending has provided a $325 million asset-based credit facility to Sportsmans Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE Capital Markets arranged the transaction. GE also provides the company with aircraft loan financing through GE Equipment Financial Services.
Based In Midvale, UT, Sportsmans Warehouse has locations throughout the U.S. selling equipment, apparel, footwear and accessories for hunting, fishing and camping.
“We value GEs ability to bring us new ideas and execute well,” said Stuart Utgaard, CEO of Sportsmans Warehouse. “We now have a smarter loan structure that provides us with greater liquidity.”
“GE worked closely with Sportsmans to structure financing to help support their business plans,” said Jim Hogan, managing director of GE Corporate Lending's Retail group. “Understanding our clients financing needs in combination with an in-depth knowledge of retailing means smarter solutions to help them compete.”