Hilco Capital LP Announces Funding $7 Million to Brook Furniture Rental, Inc

Business Wire, July 26, 2004

CHICAGO -- Theodore L. Koenig, President and Chief Executive Officer of Hilco Capital LP, announced the completion and funding of a $7 million junior term loan for the benefit of Brook Furniture Rental, Inc. Hilco Capital's facility, in conjunction with a senior credit facility from GE Capital Corporation, was used to assist Brook in refinancing their debt.

Brook is the third largest company in the domestic rent-to-rent segment of the furniture rental industry. Brook's primary business is in the intermediate-term rental of high quality furniture to the residential and commercial sectors in major metropolitan areas including Northern California, Southern California, Chicago, Washington D.C., Atlanta, Dallas, and Las Vegas.

Mr. Koenig said, "We are very pleased that we could provide a significant portion of the company's new debt and assist in its refinancing. The facility should allow Brook to continue to pursue its growth plan and business strategy."

Robert W. Crawford, Jr., Chairman and CEO of Brook, said, "The people at Hilco Capital truly understand our business. Their junior debt structure allowed us the ability to complete our debt financing. They provided the guidance and expertise that brought the overall refinancing to fruition. We are very appreciative of their efforts."

Hilco Capital LP is a committed investment fund providing flexible mezzanine financing, cash flow and enterprise value-based subordinated loans, junior secured debt, tranche B debt, and senior bridge loans throughout North America. The fund specializes in providing revolving credit facilities and non-amortizing term loans in amounts $3 million and higher for a refinance, restructure, acquisition, recapitalization, DIP or bridge loan to a broad cross-section of manufacturers, distributors, retailers, importers and service providers. Hilco Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Hilco Capital, visit www.hilcocapital.com.