Vista Outdoor has obtained a new credit facility to help finance its purchase of BRG Sports' Action Sports division, which was announced in February. The new loan will include a $400 million revolving credit facility and adds another $290 million to its $350 million term loan A facility for a total term loan of $640 million. The Utah-based company can use up to $100 million of the revolving credit for letters of credit and up to $25 million for swing line loans. The purchase price negotiated for BRG Sports' Action Sports division, which includes brands such as Bell, Giro, C-Preme and Blackburn, is $400 million plus an additional contingent consideration. It represents about 10 times expected 2016 Ebitda for the business.
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