| Tombstone Financing Details: Transaction Type: Senior Financing Loan Amount: $5 Million Financing Provided By: Opportunity Fund Facility Pricing: Opportunity Fund Rates Collateral: All Company Assets Use Of Financing: Acquisitions, Debt Refi And Working Capital Length Of Term: Three Years Warrants: Required Customary Covenants: Required Yes Today’s Tombstone Narrative: We souced a new $5 million senior facility for a client in the direct-to-consumer industry. The company will use the financing to acquire new targets in this market segment and for general working capital purposes. The company has a successful history of acquiring operators selling skin care products, cosmetics, nutritional supplements, housewares, and gift products. In some cases, the acquired operators were unprofitable prior to their acquisition, then subsequently turned around by the company through the use of operational synergies and strict operational disciplines. The new senior facility was secured by all corporate assets. In addition, the lender received warrants in the company as part of the financing’s structure. A portion of the new financing was also used to refinance existing corporate debt. |