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Big 5 Sporting Goods ( (BGFV) ) just unveiled an announcement.
Big 5 Sporting Goods Corporation has entered into a First Amended and Restated Loan Agreement with Bank of America, securing a five-year revolving credit facility with up to $150 million in committed availability, potentially increasing to $200 million. This agreement is expected to provide the company with financial flexibility to navigate the current retail environment and maintain long-term operational stability, with implications for stakeholders including interest rate terms tied to SOFR and a commitment to financial covenants.
More about Big 5 Sporting Goods
Big 5 Sporting Goods Corporation is a leading sporting goods retailer operating in the western United States, managing 422 stores under the ‘Big 5 Sporting Goods’ name. The company offers a comprehensive range of athletic shoes, apparel, and accessories, alongside a wide selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, and various recreational activities.
YTD Price Performance: -71.32%
Average Trading Volume: 298,874
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $40.18M
Find detailed analytics on BGFV stock on TipRanks’ Stock Analysis page.