NewswireToday - /newswire/ -
Norwalk, CT, United States, 2013/12/16 - GE Capital, Corporate Retail Finance announced it is administrative agent on a $250 million senior revolving credit facility for Dunham’s Athleisure Corporation, a leading sporting goods retailer [NYSE: GE] - GELending.com. NYSE: GE
The proceeds will support ongoing working capital needs and new store growth.
Founded in Waterford, MI in 1937, Dunham’s is a leading Midwest sporting goods chain with 200 stores in 17 states, from Nebraska to Georgia. They offer a full line of traditional sporting goods and athletic equipment as well as a wide variety of active and casual sports apparel and footwear.
“GE Capital’s expertise in lending to retailers and experience in the sporting goods sector made a big difference in this financing,” said Al Blazek, chief financial officer for Dunham’s. “They worked hard to enable us to capitalize on today’s favorable credit markets.”
“We support the growth of retailers as they expand in new markets,” said Jim Hogan, senior managing director, GE Capital, Corporate Retail Finance. “We have a long history working with and fueling the growth and business plans of sporting goods companies nationwide.”
About GE Capital, Corporate Retail Finance
GE Capital, Corporate Retail Finance (gelending.com) is a leading provider of senior secured loans and equipment finance to U.S. retailers supporting growth, working capital, acquisitions, turnarounds and balance sheet optimization. Funding may be provided through GE Capital, Corporate Retail Finance’s affiliate, GE Capital Bank, Member, FDIC. With Access GE, clients also benefit from access to GE’s best practices to help build their business.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.
Contact: Ned Reynolds - GE Capital, Americas
P: 203-229-5717 / M: 203-837-0699- E: ned.reynolds[.]ge.com.