Parent Spalding Holdings Corp. gets lenders to amendits secured credit facility, providing $35 million in additional funding andeasing covenant restrictions. The changes are effective retroactive to Dec. 31.As of Oct. 28, the company had $15.6 million in available borrowing capacity(net of $41.7 million of outstanding letters of credits and bankers’acceptances) on its $250 million revolver.

Meanwhile, the company is targeting 50% growth for itsgolf club brands, Ben Hogan and Top Flite irons, in FY01, and putting amarketing push behind its Infusion basketball with built-in pump. Spalding isalso projecting FY double-digit sales growth for ... Log in to view full article.