SG Credit Partners, through its Commercial Finance division, announced its partnership with a leading regional off-price apparel retailer. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth plan.
The client is one of the largest regional chains in the country, operating hundreds of stores across multiple states and primarily serving small-to-midsized markets. They cater to cost-conscious customers by offering discounted national and specialty brands.
“Partnering with family-owned companies is at the core of our mission at SG,” says Mark Pickering, Managing Director and Co-Head of Commercial Finance at SG Credit. “The company’s multi-decade track record of delivering off-price deals in smaller markets is impressive, and we are thrilled to support their next phase of growth with a flexible financing solution.”