SLR Credit Solutions closed a secured first lien term loan in concert with a revolving line of credit from Wells Fargo for Skullcandy, which used proceeds from the financing to refinance existing debt and provide enhanced flexibility.
“Skullcandy is excited to work with SLR Credit Solutions and Wells Fargo to support our liquidity needs and to provide added flexibility for the business,” Autumn Hindman, CFO of Skullcandy, said. “This financing will allow seamless implementation of key strategic initiatives on the heels of the COVID-19 pandemic. SLR and Wells Fargo were great collaborators throughout the implementation of this facility, and they are sure to continue to be such into the future.”
“Working with the Skullcandy team has been a pleasure,” Joe Wells, managing director of SLR Credit Solutions, said. “Their knowledge of the consumer electronics sector is very impressive and the quality of the Skullcandy product speaks for itself. We are thrilled to invest in the business and excited to support their growth.”
“Skullcandy has established itself as a leader in innovative tech products with an impressive management team,” Michael Vasquez, managing director at Wells Fargo, said. “We are pleased to be able to offer a flexible financial solution to meet their needs and look forward to supporting the growth of Skullcandy.”
