Sequential Brands gets $180 million financing for Galaxy acquisition

By Toni Weeks

San Luis Obispo, Calif., Aug. 18 – Sequential Brands Group, Inc. entered into a new second-lien facility with GSO Capital Partners LP and amended its existing debt facility with BofA Merrill Lynch to finance its acquisition of Galaxy Brand Holdings, Inc. The financing totaled about $180 million in aggregate, according to a press release.

The New York company, which owns, promotes, markets and licenses a portfolio of consumer brands, closed the acquisition on Monday. The total consideration was $100 million in cash, 13.75 million common shares and some performance-based warrants.

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