Overview

Stella & Chewy’s (the “Company”) is a category leading developer, manufacturer, marketer and distributor of high-quality, raw and natural pet food made from premium, responsibly sourced ingredients. The Company’s dog and cat products include frozen patties and morsels, freeze-dried dinners and meal mixers, baked kibble, stews, broths and treats. Its products are available at pet specialty retailers, grocers, and e-commerce sites.

Situation

Stella & Chewy’s was seeking to refinance its existing credit facility with a new financing that could provide greater liquidity and flexibility.

Solution

SLR Credit Solutions agented a $75,000,000 asset-based, senior credit facility comprised of a term loan and revolver. The financing is secured by a first lien on all assets supported by the Company’s working capital and equipment.