Golfsmith, a speciality golf and tennis retailer, has received an extended credit line from General Electric Co. (NYSE:GE)’s lending arm.

Credit Open From General Electric Co. (NYSE:GE)

General Electric Co.’s (NYSE:GE) lending arm GE Capital announced today that it is providing a 4-year extension on a $90-million line of credit to Golfsmith, a speciality retailer of golf and tennis equipment, apparel and related accessories.

GE Capital has been in a relationship with Golfsmith since 2002.

“With this new credit facility, we have a capital structure in place to fully support our growth strategy,” said Sue Gove, COO of Golfsmith.

View the full GE chart at Wikinvest

General Electric Co. Stock Info

As of 9/1/2010 (Last trade – 4:01pm), the General Electric Co. (NYSE:GE) shares are sitting at 15.01.

Over the past three months there has been a -9.4% change in the General Electric Co. (NYSE:GE) stock price.

We’ll be keeping a close eye on the General Electric Co. (NYSE:GE) share price for developments over the next few weeks.