Horizon Group USA inked a $25 million term-loan facility brokered by the commercial banking division of Santander Bank.

The New Jersey-based craft and toy company designs, manufactures, and distributes a wide variety of kits across several categories, including DIY, STEM/STEAM, outdoors, and tween. Horizon products are carried by major retailers like Walmart, Target, Amazon, Michaels, and Costco. The new deal is intended to assist Horizon in growing its business.

“Since beginning our relationship with Santander in 2014, we’ve relied on the team to provide sound advice and innovative solutions to help us meet our financial goals,” says Jeff Snyderman, executive vice president and chief financial officer of Horizon Group. “This term-loan facility will enable Horizon Group to further invest in and scale our business.”

“The collaboration between the asset-based lending, middle-market, and capital markets groups, as well as key ancillary platforms, including derivatives and cash management, exemplifies our ability to support our clients’ needs by focusing on integrated corporate finance solutions rather than individual products and services,” says Paul Cronin, head of asset-based lending at Santander Bank. “We look forward to supporting Horizon Group’s continued successes by always understanding the client’s needs, leveraging our offerings and providing prudent advice.”

About the author

James Zahn

James Zahn

James Zahn, AKA The Rock Father, is Editor-in-Chief of The Toy Book, a Senior Editor at The Toy Insider and The Pop Insider, and Editor of The Toy Report, The Toy Book‘s weekly industry newsletter. As a pop culture and toy industry expert, Zahn has appeared as a panelist and guest at events including Comic-Con International: San Diego (SDCC) Wizard World Chicago, and the ASTRA Marketplace & Academy. Zahn has more than 30 years of experience in the entertainment, retail, and publishing industries, and is frequently called upon to offer expert commentary for publications such as Forbes, Marketwatch, the Wall Street Journal, the New York Times, USA Today, Reuters, the Washington Post, and more. James has appeared on History Channel’s Modern Marvels, was interviewed by Larry King and Anderson Cooper, and has been seen on Yahoo! Finance, CNN, CNBC, FOX Business, NBC, ABC, CBS, WGN, The CW, and more. Zahn joined the Adventure Media & Events family in 2016, initially serving as a member of the Parent Advisory Board after penning articles for the Netflix Stream Team, Fandango Family, PBS KIDS, Sprout Parents (now Universal Kids), PopSugar, and Chicago Parent. He eventually joined the company full time as a Senior Editor and moved up the ranks to Deputy Editor and Editor-in-Chief.