Consumer & Retail | Corporate Finance Advisory

Lechters Completes Refinancing

  • Lechters Inc. was a major national retail chain specializing in housewares
  • Lechters retained TM Capital as financial advisor regarding a proposed private placement of equity and debt financing
  • TM Capital advised Lechters regarding this placement of $20 million of convertible preferred stock and $45 million in senior credit facilities
  • TM Capital also provided a fairness opinion to the board of directors of Lechters in connection with this financing

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