GE Capital, Corporate Retail Finance, a division of General Electric Company (GE) recently announced that it will serve as an administrative agent for a $250 million revolving credit facility for Dunham’s Athleisure Corporation. The proceeds will be utilized by Dunham to augment its liquidity to fund further growth.
Dunham is a leading sports goods retailer with 200 stores in 17 states from Nebraska to Georgia. It offers 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 the field played a pivotal role in arranging this new financing scheme for Dunham as it has worked with national sporting goods companies in the past, devising growth and business plans.
GE Capital, Corporate Retail Finance is a provider of senior secured loans and equipment finance to U.S. retailers, supporting growth, working capital requirements, acquisition and balance sheet optimization.
General Electric, the parent company, is one of the largest and the most diversified technology and financial services corporations in the world with products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include ITT Corp. (ITT), Hutchison Whampoa Ltd (HUWHY) and Raven Industries Inc (RAVN). All of these stocks carry a Zacks Rank #2 (Buy).
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment