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OSHMAN'S ANNOUNCES AGREEMENT WITH THE CIT GROUP/BUSINESS CREDIT, INC.

OSHMAN'S ANNOUNCES AGREEMENT WITH THE CIT GROUP/BUSINESS CREDIT, INC.
 HOUSTON, Sept. 1 /PRNewswire/ -- Oshman's Sporting Goods, Inc., (NASDAQ: OSHM) announced today that it has entered into an agreement providing for a three year, $32,500,000 revolving credit facility with The CIT Group/Business Credit, Inc. Advances under the facility will be based on a borrowing base formula, and subject to certain loan reserves, and the facility is secured primarily by inventory, accounts receivable and real estate. The credit agreement includes various restrictions, requirements and financial covenants.
 -0- 9/1/92
 /CONTACT: Edward R. Carlin of Oshman's Sporting Goods, Inc., 713-928-3171/
 (OSHM) CO: Oshman's Sporting Goods, Inc. ST: Texas IN: REA SU:


SM -- NY058 -- 5469 09/01/92 13:19 EDT
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Publication:PR Newswire
Date:Sep 1, 1992
Words:122
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