Big Rock Sports, the distributor of fishing, boating, marine, hunting, shooting sports and camping supplies based in Newport, NC, recently closed on a new five-year $150 million credit facility.
The group said the new line is designed to take advantage of the favorable market conditions and to position itself for significant flexibility both organically and through acquisition.
“We are very happy to have Regions Business capital, part of Region Bank, lead this process,” said Ed Small, Big Rock's CEO, “Big Rock Sports has had a long relationship with the principals at Regions Business Capital. They understand our business, our industry and they support our visions for the business.”
The facility has four additional participating lenders, Bank or America, PNC, Toronto Dominion and RBC.
Small added, “The new facility is significantly larger than our prior five-year deal and it gives us tremendous flexibility to take
advantage of growth opportunities in the marketplace.”
