Orvis

Parameters

Delayed Draw FILO Term Loan: $15.0MM

Situation

Orvis, the iconic outdoor lifestyle brand, sought incremental committed capital to enhance liquidity and provide additional financial flexibility amid ongoing operational challenges and performance uncertainty.

Tiger’s Role

Facing continued performance headwinds, the Company sought incremental liquidity to enhance flexibility amid ongoing uncertainty. Tiger Finance provided a $15.0MM last-out FILO term loan, designed to augment the borrowing base and support availability under the existing ABL facility.

Resolution

Tiger remains a Lender to the Company, and the committed capital is available to them should they need it, which serves to bolster the liquidity position.