LaSalle Retail Finance announced that it has provided a $10 million, three-year, revolving credit facility to The Ski Market Ltd., Inc., based in Waltham, MA. Ski Market, a three-time “Ski Retailer of the Year” award winner, operates 23 stores in the Northeast providing the skiing enthusiast with the finest equipment and apparel in the industry.
“We are impressed with the attention we received from the senior management of LaSalle Retail Finance,” said Andrew Ferguson, President of Ski Market. “Their retail expertise, flexibility and ability to make decisions quickly were essential factors in structuring a credit facility that will assist us in reaching our short and long term business goals.”
Frank OConnor, Chief Credit Officer of LaSalle Retail Finance, commented, “Our group is proud to be associated with an awarding winning middle market retailer like Ski Market and we are very pleased to provide a creatively structured facility to help support the working capital needs of the company.”
LaSalle Retail Finance, headquartered in Braintree, MA with offices in Philadelphia, PA, Los Angeles, CA and Washington D.C., provides asset-based financing arrangements and a full array of commercial bank products exclusively to middle market retailers nationwide. It specializes in senior secured debt facilities for growth, acquisition and restructuring situations, including debtor-in-possession and emergence financing.
