BetterWorldBooks
One of the largest online retailers of used books processing millions of books every year. Partners with 8,000+ academic and public libraries, charities and other suppliers to source 40+mm used books annually & distributes re-sellable books across 50+ online marketplaces
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Investors
Majority owned by Entrepreneurial Founders
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Total Commitment
$18.0 million
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Structure
Senior secured term loan
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Use of Proceeds

Growth Capital
Refinancing of existing bank facilities
Recapitalization of legacy shareholders

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Alignment Role
Joint lender with Prudential Impact
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Alignment Value-Add
Assisted in recruiting two Board of Director members with analytics & online marketing expertise
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Key Features
Term loan facility tailored to business and capital structure objectives - Interest-only structure with no mandatory amortization and Cash/PIK toggle option on a signification portion of interest