$55.0 million Senior Credit Facility


Lacks Valley Stores operates 12 retail locations throughout South Texas and sells furniture, appliances and electronics. As a point of differentiation, the Company provides purchase financing options to its customers via an internally managed credit program.


The Company sought a new capital solution to enhance their liquidity profile and extend maturities.


SLR Credit Solutions agented a $55.0MM Senior Credit Facility comprised of a $15.0MM Revolver and $40.0MM Term Loan secured by the Company’s assets including inventory, consumer receivables and selected real estate properties owned by affiliated parties.