{"id":6181,"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":"2026-06-25T08:33:56","modified_gmt":"2026-06-25T12:33:56","slug":"kent-outdoors-secures-asset-based-credit-facility","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/nl\/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> (\u201cKent Outdoors\u201d or the \u201cCompany\u201d) 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 (big-box and specialty retailers) 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.&nbsp; 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\/nl\/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. 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\/nl\/transactions\/mindgruve-secures-financing-for-levelwing-merger\">Mindgruve<\/a>, Kizik, and <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/nl\/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-6181","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1048],"date":"20251121","client_type":55,"type":[1099],"region":[366],"services":[429],"sectors":[578,582,587],"related_transactions":[6115,6010,7628],"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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