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Lechters Inc. was a major national retail chain specializing in housewares |
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Lechters retained TM Capital as financial advisor regarding a proposed private placement of equity and debt financing |
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TM Capital advised Lechters regarding this placement of $20 million of convertible preferred stock and $45 million in senior credit facilities |
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TM Capital also provided a fairness opinion to the board of directors of Lechters in connection with this financing |
