Livingstone’s Debt Advisory Team is pleased to announce that Kent Water Sports Holdings, LLC (“Kent Outdoors” or the “Company”) has been refinanced by PNC Business Credit. The transaction closed in November 2025; terms were not disclosed.
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.
Livingstone was engaged by Kent Outdoors to conduct a targeted process to raise an asset-based revolving credit facility to support the company’s growth and working capital requirements for its domestic business. Randy Hales the CEO of Kent Outdoors commented, “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. This knowledge allowed us to find the ideal partner in PNC”.
“We were thrilled with the outcome as PNC’s 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” added Tom Lesch, Partner at Livingstone.
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’s 2025 debt advisory practice, building on recently completed transactions for Mindgruve, Kizik, and Super7.
