ORIX Provides Unitranche Facility to Luxury Optical
ORIX Leveraged Finance announced the closing of a unitranche debt facility for Luxury Optical Holdings. Proceeds were used to consummate several acquisitions and provide liquidity for the company’s future growth. ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender.
Ted Thorp, co-head of ORIX Leveraged Finance, said, “We are excited to team up with DLJ Merchant Banking and Goode Partners to support their investment in Luxury Optical Holdings. Our unitranche credit facility is structured to provide a flexible capital solution to achieve the various growth avenues identified by the company and ownership group.”
“We are excited to have the support of ORIX as we continue to execute on the company’s growth plans,” said Glenn Reisch, president of Luxury Optical Holdings.
Michael Stanley, VP at Goode Partners, credited ORIX Leveraged Finance with putting together a creative capital structure. He said, “This is our first transaction with ORIX. They really impressed us with their ability to move quickly and deliver an aggressive, one-stop financing. The flexible structure will allow Luxury Optical Holdings to capitalize on the exciting growth opportunities available to the company.”
Las Vegas-based Luxury Optical Holdings is a national retailer of optical frames, lenses and sunglasses. The company is principally owned by DLJ Merchant Banking and Goode Partners.