Dive Summary:

• GE Capital announced it has administered a $250 million senior revolving credit facility for Dunham’s Sports.
• The regional sporting goods retailer currently operates over 180 store locations throughout the Midwest and southeastern United States.
• The acquired funds will be utilized by Dunham’s Sports parent company Dunham’s Athleisure Corp. to help fuel continued expansion plans throughout the U.S.

Dive Insight:

“GE Capital’s expertise in lending to retailers and experience in the sporting goods sector made a big difference in this financing,” said CFO Al Blazek for Dunham’s. “They worked hard to enable us to capitalize on today’s favorable credit markets.” The boost in spending from the deal should help the sporting goods retailer address any issues with working capital. Dunham’s is the largest Midwest sporting goods chain.