client_transactions

SSG Client Transactions

Title

Horowitz / Rae Book Manufacturer, Inc.
Client Profile

Client Profile

Horowitz/Rae (‘Horowitz/Rae’ or the ‘Company’) was a premier printing and bookbinding operation focusing on short run book publication, including children's books, corporate books, and other specialty publications.
Situation

Situation

Ownership sought to refinance the business upon emerging from Chapter 11 in May 1995 with SSG's assistance. Horowitz/Rae had emerged from Chapter 11 four months prior with a bridge loan from a senior lender and was under pressure to refinance the bridge facility.
Solution

Solution

The refinancing allowed Horowitz/Rae to refinance out an expensive bridge loan; dramatically increase its working capital base to support its increased revenue base upon emerging from Chapter 11, as well as, support its capital expenditure requirements which had been neglected while the Company was operating in Chapter 11.
September 1995
$10,300,000
Working Capital Revolver, Senior Term Loan, Capital Expenditure Line, Subordinated Debt with Warrants and Common Stock
provided to
Horowitz/Rae Book Manufacturers, Inc.
and
Horowitz/Rae Book Holdings, Inc.
The undersigned acted as Investment Banker to Horowitz / Rae Book Manufacturer, Inc.
on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 782-3755

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