Great Outdoors Group Upsizes Term Loan
The Bass Pro and Cabela’s parent is proposing a $4.5 billion term loan due 2028 that will be combined with GAO’s $1.2 billion in cash to refinance its existing $4.1 billion term loan due in 2024, pay for the Sportsman’s Warehouse acquisition, and fund a minority shareholder equity redemption. Anything left over will be used for general corporate purposes. Moody’s said that GAO’s acquisition of Sportsman’s Warehouse is a good strategic fit, serving a similar customer as ... Log in to view full article.
