Russell to use credit facility borrowings to fund Brooks Sports acquisition

By Caroline Salls

Pittsburgh, Dec. 14 - Russell Corp. said it will use borrowings on its existing credit facility to fund the $115 million acquisition of Brooks Sports Inc. in an all-cash transaction.

The transaction is subject to regulatory review and other customary conditions and is expected to be completed by early January.

Russell is an Atlanta-based branded athletic and sporting goods company. Brooks Sports is a Bothell, Wash.-based running company.

© 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.