BowFlex initiated a Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey. As part of the filing, BowFlex secured a $25 million facility for debtor-in-possession financing from SLR Credit Solutions.
SLR Credit Solutions closed a senior credit facility comprised of a revolver and term loan for Ansira Partners, an independent global marketing services and solutions company. Proceeds from the transaction were used to finance the acquisition of Ansira by Truelink Capital.
Asset-based lending is an industry built on making deals, but at the heart of every one of those transactions is a financial solution for a business. To honor this fundamental pillar of the industry, ABF Journal is proud to present its second annual Deals of the Year listing to provide a more in-depth look at some of the most intriguing and impactful transactions of 2023.
SLR Credit Solutions closed a secured first lien term loan in concert with a revolving line of credit from Wells Fargo for Skullcandy, a lifestyle audio brand known for its headphones and earbuds. Skullcandy used proceeds from the financing to refinance existing debt and provide enhanced flexibility. Wells Fargo came across this deal because of […]
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.