Sport Chalet enters $180 million restated asset-based revolver due 2019

By Marisa Wong

Madison, Wis., Aug. 20 – Sport Chalet, Inc. entered into a third amended and restated loan and security agreement on Aug. 19 for a secured asset-based revolving credit facility with commitments totaling $180 million, according to an 8-K filing with the Securities and Exchange Commission.

Wells Fargo Capital Finance, LLC is the administrative agent, and Bank of America, NA is the documentation agent.

The revolving facility matures on Aug. 19, 2019.

Concurrently with entering into the restated loan agreement, the company terminated its second amended and restated loan and security agreement dated Oct. 18, 2010 with Bank of America, NA as agent and its term loan and security agreement dated June 27, 2014 with Crystal Financial SBIC LP as agent.

Sport Chalet is La Canada, Calif.-based specialty sporting goods retailer.

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