Rexall Sports gets $100 million credit facility

By Sara Rosenberg

New York, July 8 - Rexall Sports Corp. closed on a new $100 million senior secured credit facility, according to a news release.

CIT Group acted as the arranger, syndication agent and administrative agent on the deal.

Proceeds were used to help fund the acquisition of the professional NHL ice hockey team the Edmonton Oilers.

Rexall Sports is owned by Daryl Katz, chairman of Edmonton, Alberta-based pharmaceutical company Katz Group.

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