GE Capital Bolsters Sportsman's Ch. 11 Exit With $50M

Law360, New York (August 20, 2009, 4:55 PM EDT) -- GE Capital Corporate Finance, a financing arm of General Electric Co., said Thursday it would provide a $50 million reorganization credit facility to outdoor sporting goods retailer Sportsman's Warehouse Inc., which recently exited Chapter 11 bankruptcy protection.

The loan was used to refinance the $85 million debtor-in-possession financing GE Capital provided to Sportsman's Warehouse in March, when the company first filed for bankruptcy protection, the companies said in a statement.

Sportsman's Warehouse successfully exited bankruptcy Aug. 14., in a rare example of a retailer emerging from...
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