Gander Mountain upsizes revolver to $345 million

By Sara Rosenberg

New York, Aug. 15 - Gander Mountain Co. increased the size of its revolving credit facility to $345 million from $275 million, according to a news release.

In addition, the company extended the maturity date of the revolver and its $20 million term loan by three years to June 30, 2012.

The revolver has a $50 million accordion feature.

Bank of America is the agent on the deal.

Gander is a Saint Paul, Minn.-based retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle products and services.

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