Houlihan Lokey Advises Array

Houlihan Lokey is pleased to announce the successful placement of a $195 million senior secured credit facility for Array Marketing (Array), in partnership with its principal equity investor, funds managed by Oaktree Capital Management, LP (Oaktree). The financing consisted of a $195 million credit facility comprising a senior secured term loan and a delayed draw term loan. The proceeds were used to refinance the company’s existing indebtedness. The transaction closed on December 31, 2024.

Array is a leading designer, manufacturer, and distributor of custom retail merchandising solutions for prestige beauty brands and retailers across the globe. The company is a fully integrated provider of made-to-order, highly specialized fabrications used to market beauty products across a variety of retail locations. Founded in 1981 and headquartered in Toronto, Canada, Array has built a reputation as the go-to partner in beauty visual merchandising, maintaining 20+ year relationships with top beauty brands and specialty retailers, including Sephora, Ulta, Estée Lauder, and L’Oréal.

Oaktree, the principal equity investor, is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate.

Houlihan Lokey’s Capital Markets Group served as the exclusive placement agent to Array, assisting the company in arranging, structuring, and negotiating the financing. This represents another successful transaction in which Houlihan Lokey has supported a repeat client across multiple mandates spanning its integrated advisory capabilities.

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