$35 million Secured Term Loan
Active International consults and engages with the Fortune 1000 on ways to optimize companies’ assets, typically excess consumer packaged goods, real estate and capital equipment. As the global leader in corporate trade, Active has successfully helped many of the world’s leading brands recover value, reduce costs and increase market share. Providing a dynamic financial tool, Active has helped its clients improve their business performance, delivering $1.5 billion in economic benefit since 1984. Active International is based in New York and has offices in 14 countries. See www.activeinternational.com.
Active sought a new lender for their senior working capital and growth needs as well as a provider who would understand the unique aspects of the Company’s business and its underlying collateral base.
SLR Credit Solutions underwrote a $35.0MM senior term loan that will allow Active to pursue their growth plans as they continue to acquire and invest in advertising media—their leading product offering.
“From our first meeting you and your team have been outstanding. You should be proud of the team of professionals you have assembled. Whether Steve, Chris, Kenny or yourself, each of you has always been responsive, supportive, practical and working towards a solution. While Active did have proposals from others, I do not believe any could support us the way SLR Credit Solutions has.” —Richard Vendig, Executive Vice President and Chief Financial Officer