Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron's Company

Barchart · 10/15 07:15

BOSTON, Oct. 15, 2024 /PRNewswire/ -- Schottenstein affiliate Second Avenue Capital Partners ("SACP") announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron's Company, Inc. ("Aaron's" or "the Company"), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more. The new asset-based credit facility, provided by SACP along with Pathlight Capital LP ("Pathlight"), is a critical component of the broader financing package arranged to support the take-private acquisition of Aaron's by IQVentures Holdings, LLC ("IQVentures"), a leading fintech sponsor.

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