Shopko Stores and Pamida stores have each completed four-year extensions of their respective credit facilities, their parent company Sun Capital Partners reported. The Shopko credit facility is for $447.5 million and Pamida’s facility is $176 million.
According to Sun Capital, the extended facilities for each regional retail chain were led by Wachovia Bank, Banc of America Securities, General Electric Capital Markets and Madeleine, LLC, an affiliate of Cerberus Capital Management.
Shopko has annual sales of $2 billion and operates more than 140 stores in 13 states, according to Sun Capital. Pamida has 204 stores but Sun Capital did not reveal the retailer’s annual retail sales.