Case Summary: Jack Rabbit
$40,000,000 Senior Secured Credit Facility
JackRabbit (“JackRabbit” or the “Company”), a leading omni-channel retailer of athletic footwear, apparel, and accessories owned by affiliates of CriticalPoint Capital (“CPC”), offers products for runners, athletes, and fitness enthusiasts through its specialty retail stores in 17 states and the e-commerce sites jackrabbit.com and clevertraining.com. JackRabbit acquired Olympia Sports and its e-commerce site olympiasports.net. The consolidated company will operate 135 brick and mortar stores in addition to the various e-commerce platforms.
CPC required financing to facilitate the acquisition of prominent sporting goods retailer Olympia Sports. Post close, the facility will be used for general working capital needs.
Crystal acted as Co-Agent on a $40,000,000 Senior Credit Facility secured by all of the combined Company’s assets.