Super G provided a $1 million second lien term loan to a privately-owned wholesaler of licensed toys, collectibles and housewares.
The company needed additional working capital to purchase inventory in advance of the holiday busy season. It has a flexible asset-based credit facility from FSW Funding, however, given the seasonality of revenue, the company’s current accounts receivable balance did not provide sufficient availability to purchase the inventory needed for its busy season.
Super G provided its term loan on the basis of the company’s historical financial performance, strong management team and funding into the company’s busy season. Super G provided the loan behind FSW with repayment structured around seasonal cash flow, which enabled the company to purchase inventory to meet seasonal demand.
The transaction closed in less than two weeks.
