Golfsmith amends revolver, extending maturity and raising pricing

By Sara Rosenberg

New York, July 12 - Golfsmith International Holdings Inc. amended and extended its $90 million asset-based revolving credit facility, pushing out the maturity to 48 months from the amendment date, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the extended deal was increased to Libor plus 275 basis points, and there is a 37.5 bps unused fee.

In addition, the amendment revised the borrowing base definition.

The amendment was completed on July 9.

GE Capital is the administrative agent on the deal.

Golfsmith is an Austin, Texas-based specialty retailer of golf and tennis equipment, apparel and accessories.

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