{"id":7938,"date":"2025-11-21T00:00:00","date_gmt":"2025-11-21T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/kent-outdoors-secures-asset-based-credit-facility\/"},"modified":"2026-06-25T13:03:54","modified_gmt":"2026-06-25T17:03:54","slug":"kent-outdoors-secures-asset-based-credit-facility","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/kent-outdoors-secures-asset-based-credit-facility\/","title":{"rendered":"Kent Outdoors Secures Asset-Based Credit Facility"},"content":{"rendered":"\n<p><strong>Livingstone\u2019s Debt Advisory Team is pleased to announce that <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/kentoutdoors.com\"><strong>Kent Water Sports Holdings, LLC<\/strong><\/a><strong> &lpar;\u201cKent Outdoors\u201d or the \u201cCompany\u201d&rpar; has been refinanced by <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.pnc.com\/en\/corporate-and-institutional.html\"><strong>PNC Business Credit<\/strong><\/a><strong>. The transaction closed in November 2025; terms were not disclosed.<\/strong><\/p><p>Founded in 1959 and headquartered in Sandy, UT, Kent Outdoors is a leading platform in the outdoor sporting goods industry, with a strong heritage in water sports bolstered by its diversified product portfolio. The Company has established itself as a dominant supplier of personal floatation devices, wakeboards, water skis, snowboards, kayaks, paddleboards, and inflatables. Kent Outdoors operates through a multi-channel strategy that includes both wholesale &lpar;big-box and specialty retailers&rpar; and direct-to-consumer channels.<\/p><p>Livingstone was engaged by Kent Outdoors to conduct a targeted process to raise an asset-based revolving credit facility to support the company\u2019s growth and working capital requirements for its domestic business. <strong>Randy Hales the CEO of Kent Outdoors<\/strong> commented, \u201c<em>While we have turned the business around over the past twelve months, we needed help getting the right capital partners in place to support our seasonal working capital needs. Tom and his team were the perfect advisors for us, as they were extremely knowledgeable and understood the various nuances of ABL lending.&nbsp;This knowledge allowed us to find the ideal partner in PNC<\/em>\u201d.<\/p><p><em>\u201cWe were thrilled with the outcome as PNC\u2019s ABL team again distinguished themselves by creatively structuring a deal that worked for both sides. The new facility allows Kent to scale with the seasonal needs of the business\u201d <\/em>added <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/tom-lesch\"><strong>Tom Lesch<\/strong><\/a><strong>, Partner at Livingstone<\/strong>.<\/p><p>McGuireWoods represented the company, while Goldberg Kohn represented the term lenders and Blank Rome represented PNC Business Credit. <\/p><p>The Kent Outdoors refinancing underscores the continued momentum of Livingstone\u2019s 2025&nbsp;debt advisory practice, building on recently completed transactions for <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/mindgruve-secures-financing-for-levelwing-merger\">Mindgruve<\/a>, Kizik, and <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/super7-secures-asset-based-credit-facility\">Super7<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another successful transaction for Livingstone\u2019s Debt Advisory Team<\/p>\n","protected":false},"featured_media":2485,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-7938","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1195],"date":"20251121","client_type":40,"type":[1115],"region":[376],"services":[436],"sectors":[635,639,644],"related_transactions":[7872,7767,9385],"related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kent Outdoors Secures Asset-Based Credit Facility - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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