SLR BUSINESS CREDIT PROVIDES A $9 MILLION SENIOR SECURED FACTORING FACILITY TO A WELL-ESTABLISHED BEDDING COMPANY LOCATED IN ARIZONA
SLR Business Credit (“SLRBC”) funded a $9 million recourse factoring facility, supported by accounts receivable and inventory, to Purecare (the “Company”), a 25-year-old, second-generation bedding company located near Phoenix, AZ, that serves home and mattress retailers throughout the U.S.
SLRBC utilized its extensive knowledge, as an experienced lender to the retail industry, to assess the management team’s strategy for overcoming challenges created by changes in US tariff policy. Leveraging their industry and collateral expertise, SLRBC was able to refinance the existing lender with a facility that provides more liquidity to support the Company’s vision.
“The SLRBC team worked seamlessly and quickly to meet the company’s liquidity needs,” said Gino Clark, Managing Director at SLR Business Credit. “We were impressed with the management team and look forward to supporting Purecare’s growth for years to come.”
“SLRBC’s ability to understand our business, leadership team, history, and long-term strategy really stood out to me,” said Sean Bergman, CEO of Purecare. “It’s rare to find a lender that takes the time to understand what has driven a company’s success and how that positions it for future growth. The relationship has been collaborative from the start, and we greatly appreciate SLRBC’s trust in our team.”
About Purecare®
We are the bedding company devoted to wellness. With every fiber of our being and stitch of our fabric, we care about the well-being of everyone and everybody. Our textile experts and product designers are dedicated to their craft with one simple mission: to wrap the world in care, comfort and wellness. It’s why a handful of the world’s most respected wellness and hygiene experts partner with Purecare®. Because when we sleep well, we rise to live well.
About SLR Business Credit
SLR Business Credit, a portfolio company of SLR Investment Corp. (NASDAQ: SLRC), is a leading provider of asset-based lending solutions for middle-market companies. With a focus on delivering flexible capital structures of up to $300 million, SLR Business Credit supports growth, working capital, and acquisition financing across a broad range of industries. Learn more at SLRBusinessCredit.com