BOSTON, Aug. 5, 2024
/PRNewswire/ -- Pathlight Capital LP ("Pathlight" or "Pathlight
Capital") announced it is serving as the Administrative Agent on a
$45,000,000 senior secured term loan
for Sportsman's Warehouse Holdings, Inc. ("Sportsman's", or the
"Company"), an outdoor sporting goods retailer that's been in
operation for over 35 years.
Proceeds from the facility will be used to support ongoing
working capital needs, as well as for other general corporate
purposes.
"We are pleased to have a great financial partner such as
Pathlight to secure our recent financing, " said Jeff White, Chief Financial Officer of
Sportsman's Warehouse. "They understand and support our industry,
worked quickly to meet our timing, and believe in the team's
long-term strategy to return the business to growth. We look
forward to growing our partnership with the Pathlight team."
Mark Twomey, Partner at Pathlight
said, "I've followed this business throughout my career and I am
excited to finally have the opportunity to partner with this
management team to support their initiatives."
"Sportsman's services a vital segment of the outdoor sporting
goods market. The term facility provides flexibility and
incremental liquidity, supporting management's efforts to enhance
their customers' experience," said Roger
Malouf, Managing Director at Pathlight.
About Pathlight Capital
Pathlight Capital is
a private credit investment manager dedicated to meeting the needs
of companies that operate across a broad range of industries by
providing asset-based loans secured on a first or second lien basis
against tangible and intangible assets. Pathlight aims to
provide creative financing solutions to allow management teams to
access incremental liquidity for the purposes of funding working
capital, debt refinancings, growth, acquisitions, dividends and
turnaround strategies. For more information, please visit
www.pathlightcapital.com.
About Sportsman's Warehouse
Whether your passion is
hunting, fishing, camping, backpacking, or shooting, it's important
to have the right equipment when you head into the great outdoors.
Quality gear gives you the edge you need to perform well and enjoy
the journey. That's why Sportsman's Warehouse carries only
top-quality, brand-name products for the outdoor enthusiast.
Since 1986, Sportsman's Warehouse has been providing outdoor
enthusiasts with quality merchandise in a friendly, low-key
shopping environment. When you combine wide selection and great
prices with knowledgeable, expert employees that are eager to
assist you, there's really no reason to shop for your outdoor needs
anywhere else.
Providing a unique shopping experience is only the start at
Sportsman's Warehouse. We are members of the outdoor communities we
serve, so we take every opportunity to be actively involved in
enlightening and educating our customers through special events,
classes, seminars, and expert presentations. No matter what your
level of expertise, you'll find a wealth of information to help you
expand your horizons, develop your skills, and gain even more
enjoyment from your outdoor activities.
Take the time to get to know your local Sportsman's Warehouse.
We're more than just a store – we're your outdoor adventure
partner, so be sure to take advantage of our friendly experts,
quality gear, and down-home attitude. You'll be glad you did.
The information presented in this release is the opinion of
Pathlight Capital LP and does not reflect the view of any other
person or entity. The above is for information purposes and should
not be construed as an investment recommendation.
This release may contain an endorsement from an individual
who may be supporting or recommending the activities of Pathlight
Capital LP. Such individual has not been compensated directly or
indirectly by Pathlight Capital LP for the use of his statements.
The statements represent endorsement by that individual only and
may not represent the experience of all counterparties.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/pathlight-capital-agents-45-000-000-senior-secured-term-loan-for-sportsmans-warehouse-302214363.html
SOURCE Pathlight Capital