EL SEGUNDO, CALIFORNIA (December 19, 2024) – Big 5 Sporting Goods Corporation has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.

Barry Emerson, the Company’s Chief Financial Officer, stated, “We are pleased to renew our credit facility, and appreciate the continued support of Bank of America. This multi-year facility is expected to help provide financial flexibility to manage our business through the current dynamic retail environment and over the long-term.”

The Loan Agreement, which replaces the Company’s prior financing agreement with Bank of America, has a five-year term that matures in December 2029, and provides for a secured revolving credit facility with aggregate committed availability of up to $150 million. Big 5 may request additional increases in aggregate availability, which Bank of America has the option to provide, of up to $50 million, for an aggregate availability of up to $200 million.

Loans under the new credit facility will bear interest based on SOFR rates or a specified base rate (generally Bank of America’s prime rate), plus a margin that is determined based on the remaining availability under the credit line and satisfaction of financial covenants. The margin on SOFR rate loans ranges from 1.75% to 2.125% and the margin on base rate loans ranges from 0.75% to 1.125%, subject to interest rate floors of zero.

Big 5 will be filing with the Securities and Exchange Commission a Current Report on Form 8-K, which will include additional details about the Loan Agreement. Big 5 currently operates 422 stores under the Big 5 Sporting Goods name.

Big 5 Sporting Goods is a member of NSGA.