Iconic Audio Company Seeks $15M Senior Debt for Restructure and Licensing Model Transition

This listing presents a $15 million senior debt opportunity for an iconic global audio products company. The business has a strong history, achieving peak gross revenues exceeding $1 billion and EBITDA over $100 million. Currently undergoing a strategic long-term restructure from a manufacturing-centric model to a licensing-focused approach, the company is already generating EBITDA during this rebuild phase. Significant capital has been invested by management ($150M+) and licensees ($100M) into the new model. Projections indicate sufficient EBITDA to service the debt, with an impound account available for partial payments through 2021. The collateral package is robust, including valuable trademarks estimated between $20 million and $40 million, and the company itself, valued at over $250 million. This is a direct opportunity via procuring cause.