Kent Outdoors, parent of outdoor bands Bote, HO/Hyperlite, Connelly, O’Brien, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac, and Arbor Snowboards, announced a $90 million asset-based revolving credit facility from PNC Business Credit.
The multi-year financing “further strengthens Kent’s domestic market position and provides flexible liquidity to support seasonal working capital needs, helping the company sustain its growth trajectory,” the company said in a media release.
“This strategic financing keeps Kent well-positioned to scale with seasonal demand, maintain strong relationships with our vendor and retail partners, and continue investing in our portfolio of industry-leading outdoor brands,” said CEO Randy Hales. “We believe the favorable terms from PNC reflect strong confidence in Kent and reinforce our foundation, allowing us to focus on our long heritage of delivering innovative, reliable sporting-goods equipment to outdoor enthusiasts and expand our category leadership.”
“Kent has a portfolio of best-in-class brands synonymous with outdoor adventures, a loyal customer base, and a clear vision for the future,” said Tim Derry, regional executive at PNC Business Credit. “We appreciate being trusted to deliver critical financing that supports the execution of their growth strategy.”
Image courtesyu Arbor Snowboards
