SLR Credit Solutions (SLR CS) closed a senior credit facility comprised of a term loan and revolver for Eclipse RTO, a rent-to-own operator specializing in furniture, appliances and electronics. The financing has a first lien on all assets and was supported by the company’s rent-to-own contractual lease stream. Proceeds from the facility were utilized to refinance existing debt and provide growth capital._x000D_
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“SLR CS understands the complexities of the specialty finance space, which made SLR the best partner for Eclipse and its growth initiatives.” Al Bhakta, partner at CMG, said._x000D_
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“It was a pleasure working with the firm, and we look forward to our future relationship,” Zack Vandenberg, vice president at Eclipse, said._x000D_
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“CMG has an extensive track record operating highly successful consumer-focused businesses, including consumer finance,” Tanner Phifer, managing director of SLR CS, said. “This is our first investment with CMG and we look forward to future opportunities.”
Forward for Specialty Finance
