Leaf Home Solutions a portfolio company of Gridiron Capital
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||
Leaf Home Solutions
|Our Role||Syndication Agent|
On September 30th, KeyBanc Capital Markets (“KBCM") successfully supported the syndication of $1.275 million Senior Secured Credit Facilities for Leaf Home Solutions (“Leaf” or the “Company”). The facilities are comprised of a $75 million Revolving Credit Facility (the “Revolver”) and a $1.2 million Senior Secured Term Loan Facility (the “Term Loan”). Proceeds from the facilities will be used to finance a shareholder distribution, support ongoing working capital needs, and pay transaction related fees and expenses.
Founded in 2005 and headquartered in Hudson, Ohio, Leaf Home Solutions is the premier direct- to-consumer home solutions platform, operating two primary segments: LeafFilter Gutter Protection and Leaf Home Safety Solutions. LeafFilter Gutter Protection is the Company’s flagship solution providing a micro-mesh gutter guard attaching to existing gutters, providing the only solution that blocks all debris and avoids installation under roof or shingles. Launched in 2019, Leaf Home Safety Solutions develops direct-to-consumer products focused on mobility, safety, comfort, and independence. The Company has 93 office locations and operates in 43 states and provinces within the US and Canada.
Founded in 2004 and headquartered in New Canaan, Connecticut, Gridiron Capital (the “Sponsor”) is a private equity firm focused on the middle market, with an emphasis on investing in family and founder-owned businesses. The Sponsor is currently investing out of their third fund, Gridiron Capital Fund III, an $875 million fund with significant dry powder remaining.