GE Capital, Corporate Retail Finance, a division of
General Electric Company
) recently announced that it will serve as an administrative
agent for a $250 million revolving credit facility for Dunham's
Athleisure Corporation. The proceeds will be utilized by Dunham
to augment its liquidity to fund further growth.
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Dunham is a leading sports goods retailer with 200 stores in 17
states from Nebraska to Georgia. It offers a full line of
traditional sporting goods and athletic equipment as well as a
wide variety of active and casual sports apparel and footwear.
GE Capital's expertise in the field played a pivotal role in
arranging this new financing scheme for Dunham as it has worked
with national sporting goods companies in the past, devising
growth and business plans.
GE Capital, Corporate Retail Finance is a provider of senior
secured loans and equipment finance to U.S. retailers, supporting
growth, working capital requirements, acquisition and balance
General Electric, the parent company, is one of the largest and
the most diversified technology and financial services
corporations in the world with products and services ranging from
aircraft engines, power generation, water processing, and
security technology to medical imaging, business and consumer
financing, media content and industrial products. Its segments
include Power & Water, Oil & Gas, Energy Management,
Aviation, Healthcare, Transportation, Home & Business
Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the industry include
Hutchison Whampoa Ltd
Raven Industries Inc
). All of these stocks carry a Zacks Rank #2 (Buy).