Sportsman’s Warehouse (SPWH) has issued an announcement.
Sportsman’s Warehouse Holdings, Inc. has secured a senior secured term loan facility of $45 million through its subsidiary, with $25 million already utilized to repay previous obligations, resulting in outstanding borrowings of approximately $136.7 million. The loan, maturing on July 30, 2029, is subject to borrowing base calculations and bears interest based on the SOFR rate plus an adjustable margin. Furthermore, the company amended its credit agreement to accommodate the new term loan, with both loan agreements secured by liens on nearly all of the company’s assets.
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