Clarus Expands Credit Line for Shopping Spree
With its plan to acquire outdoor brands that will help leverage its huge NOL, the Black Diamond parent signed a new $75 million credit facility agreement with a $75 million accordion from J.P. Morgan Chase that matures in 2022. The $150 million facility replaces CLA’s $40 million revolving credit line, and bears interest at an adjusted LIBOR rate plus ... Log in to view full article.
