Pure Fishing refinances its full $750m debt

Pure Fishing, the world’s leading fishing tackle company, has announced the closure of a deal that will see the refinancing of its outstanding debt.

As part of the transaction, the Sycamore Partners-owned business has entered into a new five-year $750m first lien credit facility with a consortium of lenders. The proceeds of the new debt financing are being used to repay the company’s existing term and asset-backed loans in full. The transition provides Pure Fishing with additional long-term capital as it continues its growth trajectory.

“Pure Fishing is the number one player with the best collection of brands in the industry. We are pleased with the successful completion of this transaction which fully addresses our debt maturities and further strengthens our financial position,” said Dave Allen, Chief Executive of Pure Fishing. “We look forward to continuing to grow our iconic brands, drive innovation and execute our strategic plan.”