SLR Credit Solutions closed a $20,500,000 senior secured term loan in concert with a $20,000,000, revolving line of credit for Oscar de la Renta, LLC (ODLR). Founded in 1965, ODLR is a designer and retailer of luxury women’s apparel sold through upscale wholesale accounts and direct-to-consumer (DTC) both in stores and at www.oscardelarenta.com. In addition to ultra-premium ready-to-wear dresses, bridal, accessories and children’s apparel, the Company also licenses its trademarks for selective categories including eyewear and fragrance.

Proceeds from the transaction were to refinance existing debt and provide for enhanced flexibility.

“Every business including ours had to navigate unprecedented challenges throughout the COVID 19. As our world re-opens, we need partners who can help position our Company for the future,” said Alex Bolen, CEO of ODLR. “SLR CS delivered on the transaction as originally structured and worked collaboratively with our new revolving lender. Their expertise in creating liquidity from the value of our brand was instrumental in completing the financing.”

Mirko Andric, Senior Managing Director of SLR Credit Solutions added, “Alex and his team are consummate professionals and have never waived from delivering the fashion and quality that their luxury customer expects.  We are thrilled to be their financing partner and to support their growth.”