Fanatics inks $75 million line of credit as part of Dreams acquisition

By Toni Weeks

San Diego, June 6 - Fanatics, Inc. said it has negotiated at $75 million line of credit with Bank of America in connection with the company's recent acquisition of Dreams, Inc.

The Jacksonville, Fla.-based online retailer of officially licensed sports merchandise said the funds will also be used to support future growth of the business, according to a press release.

The company also closed a $150 million equity investment led by Insight Venture Partners and including participation from Andreessen Horowitz, the release noted.

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