GMAC Commercial Finance

GMAC Commercial Finance

October 18, 2005 10:18 ET

The Retail Finance Group of GMAC Commercial Finance Announces a $15.0 Million Senior Secured Credit Facility to BC Sports Collectibles, Inc.

QUINCY, Mass.--(CCNMatthews - Oct 18, 2005) -

The Retail Finance Group of GMAC Commercial Finance (GMAC CF) announced today the funding of a $15 million senior secured credit facility to BC Sports Collectibles, Inc. (BC Sports), a national retailer of authenticated, autographed sports memorabilia and sports collectibles. "GMAC Commercial Finance is pleased to support the continued growth of BC Sports and we look forward to being a part of their continued success," said Andrew H. Moser, the group's Senior Managing Director.

"The asset-based facility provided by GMAC Commercial Finance will provide us the liquidity and flexibility we need to continue our growth plans," said John Panichello, BC Sports' Chief Executive Officer. Panichello added, "Not having a secured facility prior to this, GMAC Commercial Finance worked with us every step of the way and made this a very seamless and flexible process."

About BC Sports Collectibles, Inc.

BC Sports Collectibles is a growing chain of more than 32 specialty retail stores located in regional shopping malls around the country. Established in 1995, BC Sports stores offer a unique blend of sports-related merchandise for the enthusiast or gift shopper. When visiting a BC Sports store, shoppers are surrounded by the greatest selection of autographed sports memorabilia, adult and youth licensed sports apparel, trading cards, toys and licensed collectibles, and licensed photographs all at competitive prices. BC Sports is headquartered in West Chester, Penn.

About GMAC CF's Retail Finance Group

As part of the Asset Based Lending Division, GMAC CF's Retail Finance Group is recognized nationally as a leader in delivering creative capital solutions relevant to the ever-changing marketplace. During times of strategic growth, change and opportunity, and throughout today's fast-paced business cycles, the Retail Finance Group is the best choice for retailers and consumer product companies with revenues in excess of $35 million.

GMAC Commercial Finance, considered a leader in its segment of the financial services market, provides asset-based lending, equipment finance/leasing, structured finance, factoring and supplier early payment services to a wide variety of middle-market clients in diverse industries. Loan facilities are in the $1 million to $350 million range. With locations in the United States, Canada, Hong Kong, Poland, the United Kingdom, and plans to open an office in Germany the 1st Quarter of 2006, GMAC Commercial Finance is positioned to provide lending services worldwide.

Headquartered in Southfield, Mich., GMAC CF is part of GMAC Financial Services, a wholly owned subsidiary of General Motors Corporation since 1919.

Located in Quincy, Mass., the Retail Finance Group can be reached at (617) 376-8150.

Contact Information

  • GMAC Commercial Finance, Southfield
    Kevin Hackney, 248-327-9369
    or
    GMAC CF Retail Finance Group, Quincy
    Peter Erwin, 617-376-8144