SUMR Summer Infant Inc

Summer Infant, Inc. ("Summer Infant" or the "Company") (Nasdaq:SUMR), global leader in premium juvenile products, today announced that it has completed a restructuring of its debt to include a $60 million revolving credit facility, a $5 million "first in last out" (FILO) facility and $10 million term loan facility, replacing the $80 million revolving credit facility and $15 million term loan in place since February, 2013.

"We're very pleased to announce the closing of these new credit facilities, which illustrate the confidence our bank group has in Summer Infant, resulting in both increased flexibility and significantly lower interest expense," said Carol Bramson, Chief Executive Officer. "By reducing the total size of our revolver, we will lower our facility fees while still having access to incremental availability, if needed, through a $15 million accordion feature. In addition, we expect modified covenants and reporting requirements to result in lower administrative costs and support our drive to reduce inventory levels. The new agreement is indicative of our strengthening outlook and is better suited to the future of Summer Infant, bolstering our balance sheet and improving the bottom line."

The asset-based revolver will initially bear interest at a rate equal to LIBOR plus 225 basis points and the FILO facility will bear interest at a rate equal to LIBOR plus 400 basis points. The new term loan facility will initially bear interest at a rate equal to LIBOR plus 400 basis points, as compared to the prior term loan interest rate of 11.25%. The facilities are secured by substantially all of the Company's assets and include covenants related to a maximum leverage ratio as well as customary affirmative and negative covenants. One-time cash expenses of approximately $1.0 million, to be recognized in the second quarter of fiscal 2015, were incurred to consummate this agreement and replace the prior facilities. However, the new debt is expected to save Summer Infant approximately $1.0 million in interest expense annually, or $0.04 per share. Detailed information regarding the new loan agreements will be included in the Company's Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

Bank of America, N.A. served as the administrative agent for the lenders of these facilities, and Merrill Lynch, Pierce, Fenner & Smith served as lead arranger and book manager. East Wind Advisors served as financial advisor to Summer Infant, Inc.

About Summer Infant, Inc.

Based in Woonsocket, Rhode Island, the Company is a global leader of premium juvenile products for ages 0-3 years which are sold principally to large North American and international retailers. The Company currently sells proprietary products in a number of different categories including nursery audio/video monitors, safety gates, durable bath products, bed rails, nursery products, strollers, booster and potty seats, swaddling blankets, bouncers, travel accessories, highchairs, swings, and infant feeding products. For more information about the Company, please visit www.summerinfant.com.

Forward-Looking Statements

Certain statements in this release that are not historical fact may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Company intends that such forward-looking statements be subject to the safe harbor created thereby. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believes," "estimate" and similar expressions, and include statements regarding the Company's expectations regarding savings and operational flexibility resulting from the restructuring of its credit facilities, its ability to reduce inventory and its strengthening outlook. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the concentration of the Company's business with retail customers; the ability of the Company to compete in its industry; the Company's ability to continue to control costs and expenses; the Company's dependence on key personnel; the Company's reliance on foreign suppliers; the Company's ability to develop, market and launch new products; the Company's ability to grow sales with existing and new customers and in new channels; the Company's ability to meet required financial covenants under its loan agreements; and other risks as detailed in the Company's Annual Report on Form 10-K for the fiscal year ended January 3, 2015, and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this release.

CONTACT: Chris Witty
         Investor Relations
         646-438-9385
         cwitty@darrowir.com