Great Rock Capital provided a $50 million exit financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels. Popular products include such iconic brands as Care Bears, TONKA Trucks, and K’NEX.

Basic Fun! successfully completed a comprehensive balance sheet restructuring, in which Great Rock provided a $50 million debtor-in-possession financing prior to the closing of the $50 million exit facility. The revolving exit facility will enhance the company’s liquidity and operating flexibility to support strong business demand.
 
“We very much appreciate Great Rock’s continued support of Basic Fun! as we look to invest in our business organically and through mergers and acquisitions for robust near term and long-term growth,” said Jay Foreman, founder and CEO of Basic Fun!. “We promised the market that this restructuring would be quick, smooth, and a positive event for our partners and the company. Great Rock played an important part in making that so.”

“The Basic Fun! management team worked diligently to complete a strategic restructuring that substantially strengthened its balance sheet and will position the company to capitalize on the increased demand for their products,” said Stuart Armstrong, CEO of Great Rock Capital. “We look forward to working with Jay and his team as they execute on their strategic growth initiatives and accelerate the expansion of the platform.”

Oppenheimer & Co. Inc. served as the exclusive financial advisor for the transaction.