STAT Recovery ("STAT") is a machine learning-based invoice audit software platform helping retail suppliers optimize revenue by reducing improper deductions and compliance fines from large retailers. STAT has audited over $300 billion in retail transactions for the largest retail suppliers in the world and has the highest recovery rate in the industry, as well as the most comprehensive claims avoidance program. With a wealth of industry experience and advanced software solutions, STAT offers a unique approach backed by proprietary intellectual property and a scalable delivery model. STAT consistently achieves exceptional financial outcomes for its clients by optimizing recovery processes and instilling best practices to improve the overall supplier-retailer relationship.
STAT engaged Candlewood Partners to serve as its advisor and investment bank in the refinancing and upsizing of their existing capital structure. Candlewood worked alongside both STAT and its private equity sponsor, Cambridge Capital, throughout the entirety of the capital raise process.
Candlewood supported both the Company and Sponsor throughout the transaction, including facilitating lender due diligence, structuring of the transaction, and negotiation of financing-related documentation. After running a wide marketing process that encompassed both commercial banks and private credit lenders, STAT and Candlewood ultimately proceeded forward with a leading global commercial bank. The resulting transaction included a fully funded first lien term loan and a revolving credit facility that resulted in both a material improvement in cost of capital and greater flexibility for the Company going forward.
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Candlewood Partners, LLC
Established 2001
