Retail Industry
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DSN Retailing Today, Nov 5, 2001
FINANCIAL BRIEF
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The Sports Authority has completed the sale/leaseback of 10 of its retail store locations to a real estate investment trust for net cash proceeds of $44 million. The purchaser will lease the stores to The Sports Authority under 20-year leases. The Sports Authority will use the proceeds to reduce borrowings under its committed line of credit.
COPYRIGHT 2001 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2001 Gale Group
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