Big 5 to redeem $23.1 million 10 7/8% notes with amended credit facility funds

By Caroline Salls

Pittsburgh, Dec. 17 - Big 5 Sporting Goods Corp. said its wholly owned subsidiary, Big 5 Corp., will redeem its remaining $23.1 million 10 7/8% senior notes due 2007 using funds available under its amended credit facility.

The notes will be redeemed at a price of 101.825% of par on Dec. 22.

The amended facility is comprised of a new $20 million term loan facility and a $140 million revolving credit facility.

Big 5 is an El Segundo, Calif.-based sporting goods retailer in the western United States.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.