SLR Credit Solutions closed a $40 million senior credit facility comprising a revolver and term loan for Essex Technology Group (dba Bargain Hunt).
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.
SLR Credit Solutions hired three new employees, including Tanner Phifer as managing director of business development, while promoting three team members, including naming George Vartanov director of underwriting and portfolio management.
SLR Credit Solutions provided a $30 million split lien term loan to Nautilus, a fitness solutions company that designs, develops, sources and markets cardio and strength fitness products for consumer and commercial use.
Nautilus amended its existing credit facility by refinancing the previous term loan with a new $30 million term loan, thereby increasing the company’s total credit facility to $130 million.
SLR Credit Solutions promoted Josh Franklin to group CFO for the special lending verticals and Mirko Andric and Rebecca Tarby to senior managing directors and co-heads of underwriting and portfolio management. The company also hired Jack Murphy and Joe Wells.
SLR Credit Solutions closed a $20.5 million senior secured term loan in concert with a $20 million revolving line of credit for Oscar de la Renta, which used proceeds from the transaction to refinance existing debt and provide for enhanced flexibility.
SLR Credit Solutions promoted Jimmy Andreoli to assistant vice president, Matthew Dunn to vice president and Michael Russell to managing director.
SLR Credit Solutions served as agent on a $35 million senior term loan for bebe stores, a global specialty licensor of apparel and accessories, and served as co-lender on a $200 million senior facility for Maurices, a women’s “hometown” apparel retailer.
bebe stores entered into a credit agreement providing for a five-year senior secured term loan of $25 million with an additional drawdown capacity of up to $10 million with SLR Credit Solutions. bebe stores will use proceeds of the financing to retire its existing secured term loan of $22 million.