Financing from PNC Business Credit to Support Growth Plans and Seasonal Working Capital Needs

Kent Outdoors (“Kent” or the “Company”), helping people in their pursuit of outdoor adventures for more than 65 years, today announced a $90 million asset-based revolving credit facility from PNC Business Credit. The multi-year financing further strengthens Kent’s domestic market position and provides flexible liquidity to support seasonal working-capital needs, helping the Company sustain its trajectory of growth.

“This strategic financing keeps Kent well-positioned to scale with seasonal demand, maintain strong relationships with our vendor and retail partners, and continue investing in our portfolio of industry-leading outdoor brands,” said Randy Hales, Kent’s CEO. “We believe the favorable terms from PNC reflect strong confidence in Kent and reinforce our foundation, allowing us to focus on our long heritage of delivering innovative, reliable sporting-goods equipment to outdoor enthusiasts and expand our category leadership.”

Kent is a market-leading platform in the outdoor recreation market, with a diversified portfolio of more than 15 watersports brands. The Company reaches consumers through a multichannel strategy that includes big-box and specialty retailers and direct sales channels.

“Kent has a portfolio of best-in-class brands synonymous with outdoor adventures, a loyal customer base, and a clear vision for the future,” said Tim Derry, Regional Executive at PNC Business Credit. “We appreciate being trusted to deliver critical financing that supports the execution of their growth strategy.”

About Kent Outdoors

Founded in 1959 in New London, Ohio, Kent Outdoors is a diverse platform of outdoor brands with a broad product set spanning personal flotation devices, wakeboards, water skis, towable tubes, snowboards and more. The Company's portfolio of more than 15 iconic brands comprises industry-leading names such as BOTE, HO/Hyperlite, Connelly, O'Brien, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Arbor Snowboards (managed by agreement with the Arbor Collective), which have all contributed to the Company's long-term success in serving a broad base of action sports participants of all ages and skill levels. For more information, please visit https://kentoutdoors.com.

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The multi-year financing further strengthens Kent’s position as a market-leading platform in the outdoor recreation market, with a diversified portfolio of more than 15 watersports brands