WEST JORDAN, Utah, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (NASDAQ:SPWH) announced today that it has secured a $45 million term loan with a syndicate of premier financial institutions, strengthening the Company's balance sheet and overall liquidity. With the addition of the $45 million term loan, the Company's total borrowing capacity, which includes its revolving credit facility is now $395 million, subject to borrowing base calculations. Of such total borrowing capacity, $162.3 million is currently outstanding and $124.2 million is currently available for future borrowing. The term loan also enhances the Company's liquidity, which as of July 30, 2024, is approximately $127 million. "We continue to proactively manage our balance sheet and are pleased to secure this new ABL term loan as we further execute our ongoing reset strategy," said Paul Stone, Sportsman's Warehouse President and Chief Executive Officer. "Over the last year, we have been focused on managing our debt and right-sizing our inventory levels to further solidify our capital position. We will continue to closely manage our operating expenses, inventory levels, and overall working capital needs to align with the current trends of the business." "Sportsman's Warehouse services a vital segment of the outdoor sporting goods market and we are excited to have the opportunity to partner with this management team and support their initiatives," said Roger Malouf, Managing Director at Pathlight. "The term facility provides flexibility and incremental liquidity, which will further the Company's efforts to enhance its customers' experience. We have confidence in the long-term trajectory of the business and are pleased to become one of Sportsman's financial partners." About Sportsman's Warehouse Holdings, Inc. Sportsman's Warehouse Holdings, Inc. is an outdoor specialty retailer focused on meeting the needs ...