Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
SALT LAKE CITY April 19, 2024 /PRNewswire/ -- Kent Outdoors ("Kent" or the "Company"), which has been helping people in their pursuit of outdoor adventures for more than 60 years, today announced a $100 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The new ABL facility follows recent investments from Goldman Sachs and Comvest Partners. These investments are critical to the Company's efforts to implement a strategy for future growth and success as it continues to market innovative new products for outdoor enthusiasts and adventure seekers. "We appreciate being trusted to deliver this critical financing on an expedited timeline. It was a pleasure partnering with such a select group - the Company, Arete Capital Partners as well as term lenders including Goldman Sachs and Comvest," said Marty Battaglia , chief executive officer of Eclipse Business Capital. With the financial support of its backers, Kent expects to make significant operational improve
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