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Gordon Brothers Provides Revolving Credit Facility to Support Hammacher Schlemmer Acquisition

Date: Sep 06, 2024 @ 08:00 AM
Filed Under: Retail

Gordon Brothers provided a revolving credit facility to support S5 Equity’s acquisition of Hammacher Schlemmer.

As part of the acquisition, S5 Equity plans to strengthen the 170-year-old catalog retailer’s customer experience and loyalty while continuing to shift the catalog business to its e-commerce platform.

Gordon Brothers recently expanded its lending platform to provide revolving credit facilities, in addition to first-in, last-out loans, split-lien or stretch financing, bridge financing and in-transit financing, enabling the firm to offer creative liquidity solutions tailored to companies’ needs at any point in the business lifecycle.

“Our combination of in-house asset and credit expertise enables us to provide holistic solutions to our clients throughout the asset lifecycle, and we had the opportunity to help a well-known reputable brand by funding this acquisition,” said Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Gordon Brothers. “Our solutions-oriented approach leveraged our deep asset expertise through our valuation and field exam offerings to structure a revolving credit facility that maximized liquidity and flexibility.”

“Thanks to this strategic financing from Gordon Brothers, we are honored to have the opportunity to acquire this esteemed retail brand and provide the necessary resources to not only restore, but also build upon its proud and storied legacy,” said David Steinhafel, Managing Partner at S5 Equity.

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