SGB Update Outdoor
Compass Diversified Announces Proposed Private Offering Of $750 Million Of Notes
Compass Diversified (CODI) said it intends to commence an offering of $750 million of senior unsecured notes due 2029 in a private offering.
Dick’s SG Announces Grand Opening Of Four Stores In March
Dick’s Sporting Goods will expand its footprint with the opening of three Dick’s Sporting Goods locations and one Warehouse Sale location in March.
Camping World To Acquire Triple A RV Center
Camping World Holdings Inc. announced that an agreement has been signed to acquire Triple A RV Center in Medford, OR. The acquisition is anticipated to close in March.
Olin Announces Refinancing Transaction
Olin Corporation, the parent of Winchester, announced the execution of an amendment to its existing credit agreement, which increased the term loan facility by $315 million
JS Industries Opens New North American HQ In Oceanside
JS Industries officially opened its North American headquarters in Oceanside, CA.
Moody’s Assigns B1 To Bass Pro’s Term loan
Moody’s Investors Service assigned a B1 rating to the proposed term loan of Great Outdoors Group, LLC, the corporate name of Bass Pro Group. Concurrently, Moody’s affirmed the company’s Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR). The outlook remains stable.
Sunglasses Retailer Solstice Marketing Files For Bankruptcy
Sunglasses retailer Solstice Marketing Concepts LLC filed for bankruptcy with a plan to restructure and seek new financing.
Wolverine World Wide Scores S&P Upgrade
S&P Global Ratings revised the debt ratings outlook on Wolverine World Wide Inc. to stable from negative as the company has outperformed S&P’s expectations during the ongoing pandemic and paid off its $171 million 364-day term loan.
Camping World’s Q4 Sales Climb 17.5 Percent
Camping World Holdings Inc. reported sales grew 17.5 percent in the fourth quarter and 11.3 percent in the year ended December 31.
Big 5 Sporting Goods Enters Into New Five-Year Credit Facility
Big 5 Sporting Goods Corporation announced that it has entered into a new loan agreement with Bank of America. The loan agreement replaces the company’s prior financing arrangement.
Foot Locker’s Q4 Comps Dip 2.7 Percent
Foot Locker Inc. reported earnings in the fourth quarter topped Wall Street’s consensus estimate but sales came in short. Same-store sales in the period fell 2.7 percent.
Fox Factory Sees Q4 Sales Climb 41 Percent
Fox Factory Holding Corp. reported sales grew 41.2 percent in the fourth quarter. This increase reflects a 44.6 percent increase in Specialty Sports Group sales, and a 38.7 percent increase in Powered Vehicles Group sales.
REI Plans Special Member Reward Despite Annual Loss
REI reported that it didn’t make a profit in 2020 and consequently won’t be able to pay out its usual annual dividend to members. However, the Co-op said that because the year ended better than expected, a special reward would be paid to members.
Ignik Bolsters Sales Team With New Rep Groups
Ignik has hired two sales organizations to represent the brand—Adventure Marketing Group in the Southeast and Mountain High Sales & Marketing in the North Central Eastlake territory—securing nationwide coverage in its second year of business.
The Big Gear Show Names Marketing And Project Director
The Big Gear Show has hired Nisa Meineke as its marketing and project director, coming from a digital marketing, brand strategy and project management background in the cycling and outdoor space.
