Thrasio, a Walpole, MA-based digital global consumer goods company, received a $500m senior debt facility.
JPMorgan Chase Bank, N.A., The Private Credit Group of Goldman Sachs Asset Management, L.P. and RBC Capital Markets are joined in the deal by the Strategic Credit Group within Oaktree Capital Management, L.P., Bain Capital Credit, Barclays, BlackRock, BofA Securities, Inc., Credit Suisse Loan Funding LLC, Monroe Capital LLC, Morgan Stanley Private Credit, and UBS Securities LLC. The financing brings the total amount of capital raised by the company to over $1 billion.
Led by co-CEOs Carlos Cashman and Josh Silberstein, Thrasio acquires Amazon third party businesses and direct-to-consumer (DTC) ecommerce brands and integrates them into its digital consumer goods platform, which manages nearly 14,000 products.
Brands include the URBNfit Exercise Ball, Anti-Fatigue Floor Mats by Sky Mats, Art Supplies from Crafts 4 All, and Odor Eliminator & Pet Deodorizer on Amazon by Angry Orange.
In 2020, Thrasio exceeded $500 million in sales and generated over $100 million in profit.