Founded in 1969, AmeriMark Interactive, LLC (“AmeriMark”) is a direct marketer of general merchandise, home décor, apparel and health care related products for the “baby boomer” segment. The Company operates a portfolio of brands with 14 distinct catalog titles and websites and offers its customers a private label credit card program as well as a membership program. www.amerimarkdirect.com www.ltdcommodities.com www.drleonards.com
CSC Generation Holdings, Inc. (“CSC”) is a private holding company that acquires overlooked store and catalogue based retailers. CSC transforms its businesses into high performance, “digital first” brands through their proven omni-channel technology platform, operating expertise and scale. CSC required debt financing in order to complete the acquisition of AmeriMark.
SLR Credit Solutions and two other lenders provided a $238,000,000 unitranche senior secured credit facility comprised of (i) a $70,000,000 revolver provided by PNC Bank (ii) a $148,000,000 term loan provided by SLR Credit Solutions and its affiliates, and (iii) a $20,000,000 last out term loan provided by Restore Capital, a Hilco Global Company.
The SLR Credit Solutions and Restore Capital term loans have a first priority position in all the non-working capital assets.