SLR Credit Solutions Agents Senior Credit Facility for Eclipse RTO

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.”