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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Lands’ End Enters New $260MM Term Loan with Blue Torch Capital, Sculptor Capital Management, Others
Wednesday, January 3, 2024
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Lenders/Participants
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Blue Torch Capital [Lender]
JPMorgan Chase Bank [Lender]
Sculptor Capital Management [Lender]
Arbour Lane Capital Management [Lender]
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Structure
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Term Loan
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Amount
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$260.000
Million
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Borrower(s)
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Lands' End
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Description
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The loan proceeds were used to refinance the Company’s existing term loan well ahead of its maturity in September 2025. The loan is secured by a first lien on all non-ABL assets and a second lien on all ABL assets. Interest is payable monthly at an initial rate of 8.25% per annum plus the greater of SOFR or 2.0%. The initial rate is subject to a reduction to 8.00% and 7.75% based on the Company’s debt and EBITDA levels. Amortization is payable quarterly at 1.25% of original principal amount. The loan matures in December 2028.
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Industry
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Apparel
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| Related Tags |
Apparel, Blue Torch Capital, JPMorgan, Lands End, Lands End
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ABL Advisor
Deal Tables
2025
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