WORLD PROPERTY CHANNEL ®

(NORWALK, CT) -- A Utah-based small business today received a $50 million helping hand as it works to recover from its recent Chapter 11 status.

GE Capital, Corporate Finance of Norwalk, CT provided a $50 million plan of reorganization credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer in Midvale, UT.

The loan was used refinance the $85 million debtor-in-possession financing GE Capital provided the company in March.

Sportsman's Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping.

"GE has worked with our company as we've reorganized and continues to provide the capital required to help meet our objectives," says Kevan Talbot, CFO of Sportsman's. "We appreciate having a lender with in-depth retail expertise."

"We specialize in providing capital to retailers seeking to reenergize their business," says Tim Tobin, managing director of retail restructuring for GE Capital, Corporate Finance.

"Understanding the nuances of retail allows us to quickly assess liquidity needs and structure financing to support business objectives."

Tobin says GE Capital, Corporate Finance, part of the GE Capital family,  is one of the largest providers of asset-based, cash flow and structured loans and leases for mid-size and large U.S. businesses.

Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors such as Aerospace & Defense, Automotive & Transportation, Chemicals & Plastics, Corporate Aircraft, Financial & Business Services, Food, Beverage & Agribusiness, Government Finance, Marine, Metals & Mining, Paper, Packaging & Forest Products, Retail, Technology & Electronics. 

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