Consumer | 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

$65,000,000

$20,000,000 Convertible Preferred Stock $45,000,000 Senior Credit Facilities

Lechters Completes Refinancing

TM Capital advised Lechters Inc. (NASDAQ) regarding a $65 million equity and debt financing

For more information, contact our consumer team at:

consumer@tmcapital.com

Client Testimonial

”