Winter Harbor LLC

Summer Infant

Winter Harbor Leads Debt-Refinacing for Childcare Product Manufacturer

 

Summer Infant is an American manufacturer, marketer and distributor of juvenile health, safety and wellness products with $260 million in annual revenue. Their product line includes video monitors, strollers, children’s tubs, swaddles, bassinets, and high chairs. Summer Infant products are available for purchase around the world through their website and third-party distributors.

Our Role

Our professionals were engaged as Financial Advisor by Summer Infant to manage the debt-refinancing process. In detail, we:

  • Assessed the Company’s recent performance and its projected financial results.

  • Determined near-term cash flow based on multiple financial scenarios.

  • Reported weekly cash flows and projections to the lender group after it executed an amendment to the loan agreement.

  • Assisted the Company in the debt-refinancing process.

  • Created an internal cash-flow model for the company to use after the refinancing.

  • Performed a strategic assessment on an under performing business unit and recommended specific actions to improve its performance to the Board of Directors.

Engagement Outcome

Winter Harbor was hired to assess Summer Infant’s recent business performance and determine near-term cash flows and projections based on various financial scenarios. We performed a strategic assessment on an under performing business unit and recommended specific actions to improve its performance to the Board of Directors. We assisted the Company during their debt-refinancing process, negotiating the terms of a new lending agreement. We created an internal cash-flow model for the Company to follow after its refinancing.