Imperial Toy, a North Hills, CA-based manufacturer of toys, received a a $12m senior secured credit facility.
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, provided the financing.
The new capital will provide the company with the financial resources needed to increase business production and accelerate growth.
Founded in 1969 and led by Peter Tiger, CEO, Imperial Toy is the worldwide leader in the sale and manufacture of bubbles, novelty toys and more. Proprietary brands include Super Miracle Bubble Blitz, Splat X, KAOS, and Lumination. Sub brands include Super Miracle Bubbles, Miracle Bubbles, Legends of the Wild West, Life-Like, Googly, Fuzzbies, Fun in the Sun, Runway Pink, Lum Lums, & Buddy-L. Licenses include: Disney, Marvel, Star Wars, Little Tikes, Nickelodeon’s Dora the Explorer, Thomas the Tank Engine, Hello Kitty, DreamWorks’ How to Train Your Dragon and Universal’s Minions.
Imperial distributes to over 75 countries worldwide, from locations in Hong Kong, San Diego, Mexico and Mississippi.
The company also has locations in Hong Kong, San Diego, Mississippi, Tijuana, Mexico and Modena, Italy.