Overview

Eclipse RTO (“Eclipse” or the “Company”) is a leading rent-to-own operator specializing in furniture, appliances, and electronics. Eclipse is a portfolio company of CMG Companies (“CMG” or the “Sponsor”), a Dallas-based family investment office focused on multi-unit and franchise sector, spanning restaurants, hotels, retail, sports, automotive, and real estate industries.

Situation

CMG required financing to facilitate future growth and acquisitions. The Sponsor sought a partner with deep industry knowledge in specialty finance that could grow with the Company.

Solution

SLR Credit Solutions acted as Agent on a Senior Credit Facility comprised of a term loan and revolver. The financing has a first lien on all assets and was supported by the Company’s rent-to-own contractual lease stream. Proceeds were utilized to refinance existing debt and provide growth capital.