Vista Outdoor will use existing revolver for Foresight purchase

Chicago, Sept. 10 – Vista Outdoor Inc. will draw down on its existing asset-based revolving credit facility to finance the announced purchase of Foresight Sports, according to a press release.

Currently, the revolver is undrawn.

The acquisition price was announced as $474 million.

The company expects to close the transaction in the third fiscal quarter of 2022.

Vista Outdoor is a Clearfield, Utah-based designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Foresight Sports develops performance analysis solutions in the golf industry.

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