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BMO Asset-Based Lending Agents $250MM Revolver to Support Center Lane Partners Led Merger

September 29, 2022, 07:40 AM
Filed Under: Consumer Products

BMO’s Asset-Based Lending group served as Administrative Agent and Sole Underwriter and Bookrunner on a $250 million Senior Secured ABL Revolver facility to support the Centre Lane Partners led merger of its portfolio company Hollander Sleep & Décor with Keeco, LLC.
BMO closed as Administrative Agent, Sole Underwriter and Bookrunner on a $250 million senior secured credit facility in support of the merger of Keeco, LLC and Centre Lane Partners’ portfolio company Hollander Sleep & Décor. The ABL facility refinanced the Companies’ existing credit facilities, partially financed the acquisition of Keeco and will provide working capital financing to the combined company.
Keeco & Hollander operate in the Bedding and Home market sectors. The merger created the #1 platform in the domestic bedding products industry.  
Keeco specializes in fashion bedding, utility bedding, and functional window curtains and holds a dominant market share within each category.  Keeco sells into every distribution channel and major retailer in the U.S. Hollander is a leading product and innovation platform in the sector. The Company manufactures and distributes branded and private label products including comforters, pillows, mattress pads, cushions, furniture covers, slipcovers, mattress protection, and shower curtains.  


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