FEATURE CASE STUDY

Case Summary: Basic Fun
CASE STUDY

Consistent Capital Execution

Transaction size $20MM — $125mm and up

$130 million

Senior Term Loan

Retail/Consumer

SISO Term Loan Agent

May 2021

$60 million

Senior Term Loan

Retail/Consumer

Agent

December 2020

$40 million

Senior Credit Facility

Retail/Consumer

Agent

October 2020

$27.5 million

Senior Credit Facility

Lifestyle apparel brand

Agent

October 2020

$80 million

Senior Term Loan

Retail/Consumer

Term Loan Agent

October 2020

$45 million

Senior Credit Facility

Transportation

Agent

August 2020

$40 million

Senior Credit Facility

Retail/Consumer

Co-Agent

October 2019

Undisclosed

Senior Credit Facility

TMT

Agent

August 2019

$80 million

Senior Credit Facility

Retail/Consumer

Co-Agent

December 2018

$175 million

Senior Term Loan

Business Services

Co-Lender

May 2018

$25 million

Senior Credit Facility

Healthcare

Co-Lender

September 2017

Undisclosed

Senior Credit Facilty

Business Services

Co-Lender

May 2017

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CRITERIA SHEET
CASE STUDIES

We are excited about our partnership with SLR Credit Solutions. SLR Credit Solutions worked collaboratively with our team to provide a credit facility that met the needs of our business. Their commitment to understanding our business, coupled with their deep experience in consumer products, was instrumental in our decision to choose them as the lender we moved forward with.

— Jay Foreman, Founder and CEO of Basic Fun

SLR Credit Solutions was a reliable and creative financing partner throughout the process, helping to facilitate a successful transaction by providing the necessary capital to support our go-forward liquidity needs. We appreciate their hard work and dedication, as well as their continued belief in the Southern States team.

— Jeff Stroburg, President & CEO of Southern States

Collaboration with our lender, SLR Credit Solutions, throughout the bankruptcy case was a critical component of our successful reorganization. Michael Russell and the SLR Credit Solutions team worked tirelessly throughout the process to ensure that we had the necessary capital structure to support our go forward operations. We are grateful for the tremendous support from SLR Credit Solutions, without whose partnership and belief in True Religion’s prospects we would not be embarking on this exciting next chapter in the Company’s journey.

— Michael Buckley, CEO of True Religion

The refinance of term debt with Crystal in concert with our new revolving credit facility provides us with the optimal capital structure to continue to execute our strategic objectives and drive long-term growth in our business. The Crystal team was both highly professional and very knowledgeable about our industry. We look forward to a mutually beneficial partnership.

— David Stefko, EVP, Chief Financial Officer of Vince

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