An outdoor apparel manufacturer approached Republic Business Credit for an asset-based loan when its existing senior lender could no longer support the company’s accelerated growth. Republic was able to provide a $15,000,000 asset-based loan and...
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November 06, 2024, 07:09 AM
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Delta Apparel, a leading provider of lifestyle apparel, has retained SB360 Capital Partners as the exclusive liquidation consultant to manage the sale of all remaining inventory after separate sales of assets relating to the Salt Life and Soffe...
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September 18, 2024, 07:39 AM
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Based on a referral from a well-known California CPA firm, a rapidly expanding apparel manufacturer chose Republic Business Credit as its preferred factoring partner. Facing imminent deadlines for spring shipments, the LA-based clothing manufacturer...
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Mountain Ridge Capital ("MRC") closed a $20.0 million senior secured credit facility to a leading manufacturer and distributor of apparel. The MRC facility refinanced the debt of a regional finance company and will be utilized to assist their...
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The Hedaya Capital Group provided a $1 million factoring facility to a footwear company that created a new category in the space with a shoe that sits at the intersection of the driving loafer and the boat shoe. Based in Dallas, the lightweight...
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Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of refinancing of The Black Tux, Inc., an existing portfolio company of TZP Group and Stripes Group.Founded in 2013, The Black...
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Rocky Brands, a leading designer, manufacturer and marketer of premium quality footwear and apparel, signed a definitive debt refinance agreement with Bank of America, as agent. The new agreement, which amends and restates the Company’s existing...
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Mountain Ridge Capital ("MRC") closed a $24 million senior secured credit facility for a national fashion apparel distributor. The MRC facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality...
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The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands. Drawing inspiration from travel around the world, the...
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Shoes For Crews, a global leader and pioneer in slip-resistant footwear, announced that its U.S.-based entities have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to...
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TRUE linkswear sought a long-term financing partner in Republic Business Credit, which understood the footwear and apparel company's e-commerce and wholesale market strategy and could keep up with TRUE's dynamic growth trajectory. Republic provided a...
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An apparel company found itself in need of importing merchandise from China ahead of a substantial seasonal demand. With the looming Chinese New Year, they encountered both financial and time-related pressures. To expedite the process, a factoring...
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February 22, 2024, 06:00 AM
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When a swimwear manufacturer outgrew its lender and sought a larger factoring facility, it partnered with Republic Business Credit. Republic was the ideal partner, providing the company with a larger factoring facility and more customer credit...
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February 12, 2024, 07:00 AM
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Iron Horse Credit closed a $1,000,000 stand-alone inventory revolving line of credit to a wholesaler of men designer shoes. As an early-stage business, the company came to Iron Horse looking for an inventory heavy revolver to align with its growth...
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February 08, 2024, 07:00 AM
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Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered...
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February 01, 2024, 08:00 AM
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The apparel and textile market continues to be an important contributor to the global economy. The fashion industry experienced over “double the levels of economic profit in 2022 than in all the years between 2010 and 2020”, apart from one, McKinsey...
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February 01, 2024, 07:11 AM
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eCapital funded a $16 million asset-based loan for a menswear brand apparel company.The New York-based apparel company was seeking a new and reliable financing partner that could offer better pricing, higher advance rates, and a more creative...
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January 12, 2024, 07:39 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors closed a $25 million Senior Secured Facility to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and...
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January 11, 2024, 07:53 AM
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Lands' End entered into a new $260 million term loan. 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...
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January 03, 2024, 08:00 AM
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First Eagle Alternative Credit , a $21 billion alternative credit platform of First Eagle Investments, agented a term loan to Rachel Zoe Creations, a global fashion and lifestyle brand, in partnership with Gordon Brothers, the global asset experts....
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December 15, 2023, 08:00 AM
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Kizik, a leading footwear company known for its innovative hands-free designs, announced the successful amendment of its credit facility with JPMorgan Chase.The amended credit facility provides Kizik with enhanced financial flexibility and positions...
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December 07, 2023, 07:49 AM
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Mountain Ridge Capital ("MRC") closed a $30 million senior secured credit facility for a Midwest-based designer and manufacturer of footwear/slippers/hosiery. MRC's facility was used to refinance the debt of a competing nonbank lender and will be...
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October 09, 2023, 07:47 AM
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Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the...
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August 23, 2023, 08:00 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.Under the agreement, CIT Commercial Services will also take the lead...
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August 22, 2023, 07:08 AM
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A women-owned, Los Angeles-based women’s apparel manufacturing company recently sought funding to meet building demand. They chose Republic Business Credit to support their growth and Republic provided a $1,000,000 traditional factoring facility to...
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August 22, 2023, 07:00 AM
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Second Avenue Capital Partners (SACP), a Schottenstein affiliate, closed on a new $12 million revolving credit facility to ThirdLove, a female-founded, women's lifestyle brand that offers elevated essentials including bras, underwear, activewear and...
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August 17, 2023, 08:00 AM
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J.Jill completed the refinancing of its Asset-Based Revolving Credit Facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL Credit Agreement with CIT, a division of First...
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Siena Lending Group closed a $35 million credit facility for a fourth-generation, family-owned Company based in Milwaukee, Wisconsin. The Company was founded in 1911 and has a long history of designing and selling on-trend and functional footwear and...
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A designer, manufacturer and wholesaler of missy and junior women’s clothes needed a partner — and fast — to meet the shipping needs of its spring and summer collections. The company turned to Republic Business Credit to stitch together the necessary...
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.“As the apparel sector navigates continued market volatility, we are pleased...
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As more of the professional workforce returns to the office post-pandemic, the demand for comfortable chic clothing for women is on the rise. Rejoining the office environment means ditching yoga pants and sweatshirts, and replenishing closets with...
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King Trade Capital completed a $9,000,000.00 purchase order finance facility for a private equity backed athleisurewear company. The 20-year-old company, was acquired in 2020 by a private equity investor expanding its’ active lifestyle inspired...
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February 28, 2023, 07:54 AM
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CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. CIT worked...
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February 16, 2023, 07:35 AM
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Guess?, Inc. expanded its access to capital in North America. The Company has entered into a $150 million senior secured asset-based revolving credit facility with a term of five years. This facility amends and extends its existing $120 million North...
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December 27, 2022, 07:47 AM
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Sound Point Capital Management provided an accounts receivable facility for Centric Brands, a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment...
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October 24, 2022, 07:49 AM
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Gordon Brothers, majority owner of Nicole Miller, has partnered with Zaralo LLC to expand the global, eponymous fashion and lifestyle brand. The partnership with the New York-based fashion apparel company Zaralo is an important next step in Nicole...
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September 23, 2022, 07:53 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $4 million non-recourse factoring facility to a leading menswear company. The borrower company boasts 30 years’ experience in the development, design and production...
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September 15, 2022, 07:55 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel.The fashion...
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August 04, 2022, 07:38 AM
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Gordon Brothers acquired the global ORSAY brand, archives, and related trademarks and other intellectual property from Orsay GmbH. The firm has partnered with SCAYLE to continue its growth in addition to maintaining ORSAY’s existing...
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August 03, 2022, 07:50 AM
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First Eagle Alternative Credit, the alternative credit platform of First Eagle Investments, provided a $20 million term loan to Nicole Miller, a global fashion and lifestyle brand. The term loan will help finance the company’s initiatives to partner...
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Assembled Brands recently closed a new $1.5 million facility with apparel brand WILDFANG. The brand was founded in Portland, Oregon by Emma Mcllroy on a mission to rethink gender norms and how they show up in fashion. After discovering that most...
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Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 billion fashion empire and signature lifestyle brand inspired by...
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Wingspire Capital and TCW Asset Management Company together provided a unitranche senior credit facility to women’s apparel brand cabi LLC.cabi designs and markets women’s apparel through independent stylist entrepreneurs who set their own schedules...
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Gordon Brothers, the global advisory, restructuring and investment firm and owner of the British heritage brand Laura Ashley®, has partnered with IMG to expand the iconic fashion, home and lifestyle brand in a fresh, modern way in Europe, Australia...
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MidCap Financial provided a $30 million senior secured revolving credit facility to Kayne, LLC. The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s further growth and working capital needs.Founded...
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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...
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as lead arranger on financing for Kenneth Cole Productions Inc., a renowned men's and women's fashion brand. Headquartered in New York City and founded in...
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Gildan Activewear signed an amended and restated credit agreement in respect of its existing $1 billion revolving credit facility to incorporate sustainability-linked terms, underscoring Gildan's strong leadership and commitment towards its...
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Amerisource Business Capital closed and funded a $1,500,000 senior credit facility for a North Carolina-based hosiery manufacturer. The proceeds were used to provide working capital to support the company’s projected growth. Kelly Collins, Regional...
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Citizens provided a $20 million revolving line of credit to New York-based luxury fashion retailer Oscar de la Renta. “Citizens bankers are trusted partners who listened to us, brought great ideas and believed in our growth plans,” said Alex Bolen...
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StreetTrend, one of the fastest-growing footwear and apparel companies in the streetwear fashion sector, announced that Mark Wahlberg has become a strategic investor in the company which includes the P448 sneaker brand, having taken a significant...
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Rosenthal & Rosenthal completed a recent $3.2 million factoring facility with purchase order financing to support an outdoor and sporting apparel company. The company has been in business for 30 years and experienced explosive growth during the...
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Rosenthal & Rosenthal compeleted a recent $11.5 million purchase order finance facility to support the production financing requirements of a Florida-based branded apparel company. Rosenthal has known the company’s management team for nearly ten...
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February 10, 2022, 07:51 AM
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5 Star Apparel announced a new $125 million credit facility to support its existing operations and continued expansion. IDB Bank was the lead agent and one of three banks financing the credit facility.The home of brands includes but is not limited to...
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February 09, 2022, 07:33 AM
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Gordon Brothers has made a majority investment in Nicole Miller.The global, eponymous fashion and lifestyle brand was founded by Nicole Miller in 1982 and has become one of the premier names in American fashion. In addition to its womenswear...
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February 04, 2022, 08:03 AM
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Ares Commercial Finance (“ACF”) provided a $30 million senior secured revolving line of credit to Marolina Outdoor, Inc., a portfolio company of Goode Partners (the “Sponsor”). Proceeds of the revolving credit facility, in conjunction with a term...
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February 02, 2022, 07:55 AM
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Ares Commercial Finance (“ACF”) provided a senior secured credit facility to Capezio, Ballet Makers, Inc. The credit facility consists of a revolving line of credit and term loan. Proceeds will be used to refinance existing indebtedness and for...
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January 19, 2022, 07:00 AM
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Lighthouse Financial completed a $3,750,000 credit facility for a Tennessee-based designer and distributor of lifestyle apparel. The company prides itself on bridging the gap between lifestyle and performance with a constant eye on ultimate style and...
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January 19, 2022, 07:00 AM
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Capital One is serving as administrative agent for a $200 million senior secured asset-based revolving line of credit for Perry Ellis International. “Perry Ellis has been able to successfully navigate the pandemic, as its emphasis on sportswear and...
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January 14, 2022, 08:10 AM
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FrontWell Capital Partners closed a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end...
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January 10, 2022, 07:48 AM
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Sound Point Capital Management closed on a senior secured term loan financing to a subsidiary of Perry Ellis International. Funding provided by Sound Point will be used to pay down the Company’s existing debt. The Company has been in business for 54...
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January 10, 2022, 07:15 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $3 million non-recourse advance factoring facility to a family-owned apparel manufacturer focused on delivering high quality and affordable clothing for women. The...
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November 23, 2021, 07:57 AM
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Wells Fargo Capital Finance provided a global hybrid asset-based and intellectual property facility to AllSaints and its subsidiary John Varvatos, two iconic international fashion brands.Acting as the sole lender, Wells Fargo Capital Finance provided...
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November 02, 2021, 07:48 AM
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Gerber Finance, an eCapital company, closed a $7MM line of credit to Fair Harbor, maker of sustainable swimwear, clothing, and accessories. The deal was completed under its Naturally Gerber division, which works with companies within the fast-growing...
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October 27, 2021, 07:50 AM
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Gerber Finance, an eCapital company, announced the closing of a $7.5 million line of credit to Pact, maker of sustainable, certified organic cotton clothing. Gerber Finance closed the deal under its Naturally Gerber division, which works with...
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September 22, 2021, 07:48 AM
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White Oak Commercial Finance provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of sustainable, premium apparel products to the United States.The transaction was structured with advances against the company’s...
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White Oak Commercial Finance provided a $10 million non-recourse factoring facility to a manufacturer and importer of private label apparel products.The transaction was structured with advances against the company’s accounts receivable, and the...
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Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $750,000 to Memories Apparel, Inc. The credit facilities will be used to provide working capital for the company’s anticipated future growth.Formed...
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Rosenthal & Rosenthal completed a recent $25 million factoring facility to support future growth opportunities for a major supplier of apparel and home goods.In business for more than 25 years, the company sells a range of apparel and home goods...
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Wingspire Capital provided a $95 million senior secured credit facility to Fox Racing, the global leader in motocross and mountain biking protective gear and apparel. The credit facility consists of a $35 million revolving line of credit and a $60...
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Tiger Finance and Encina Business Credit closed on $48.5 million in growth financing to Daytona Apparel Group, a portfolio company of Windsong Global.The revolver/term loan, arranged by Tiger Finance, will strengthen the balance sheet and support the...
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Second Avenue Capital Partners closed on a $30,000,000 senior secured term loan to UNTUCKit, one of the fastest-growing retail apparel brands in North America. The term loan will be used to restructure existing debt and provide the Company with the...
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Gordon Brothers is providing a secured credit facility to Nicole Miller, the eponymous fashion and lifestyle brand founded and led by Nicole Miller. The facility is secured by the company’s intellectual property and will be used to fund strategic...
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King Trade Capital (KTC) was contacted by a referral partner who was hired to seek capital for a New York-based apparel brand in need of capital to fund its’ growing inventory need to fulfill growing sales.KTC was able to quickly assess the Client’s...
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Cambridge Savings Bank (CSB) recently extended a new credit facility for Freeport, Maine-based Eastland Shoe Corp. By taking the time to understand the company’s unique needs and challenges, CSB’s Asset-Based Lending team created a custom solution...
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February 09, 2021, 07:50 AM
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Assembled Brands closed a new $4 million revolving line of credit with Hammitt, a premium line of handbags and accessories that's a beloved favorite among retail partners and digital shoppers alike. Through this partnership, the LA-based company will...
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January 20, 2021, 07:30 AM
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Ascena retail group, inc. and certain of its subsidiaries announced that it has entered into an asset purchase agreement (“APA”) with Premium Apparel LLC, an affiliate of Sycamore Partners, a private equity firm specializing in consumer, retail and...
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November 30, 2020, 09:00 AM
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Crystal Financial announced the closing of a $27,500,000 Senior Credit Facility for True Religion Apparel, Inc. (“True Religion” or “the Company”). Founded in 2002, True Religion is a lifestyle apparel brand which aims to deliver an exclusive...
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November 12, 2020, 08:40 AM
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Gordon Brothers, the global advisory, restructuring and investment firm, announced Laura Ashley® has chosen to partner with NEXT plc to reintroduce their home products online and in stores nationwide. NEXT has over 500 stores in the U.K. and Eire and...
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October 30, 2020, 08:03 AM
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Iron Horse Credit (IHC) and Alterna Capital Solutions (Alterna) announced the closing of a $3,000,000 stand-alone inventory revolving line of credit and $2,500,000 Accounts Receivable-based facility respectively to a century-old company engaged in...
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October 27, 2020, 08:10 AM
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White Oak Commercial Finance, LLC, an affiliate of White Oak Global Advisors, LLC, announced it provided a $25 million ABL facility to Saadia Group, LLC for the acquisition of two women’s apparel brands from e-commerce retailer, RTW Retailwinds Inc....
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October 14, 2020, 09:08 AM
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Stonegate Capital announced it has made a $4,000,000 senior debt investment in Wear Pact, LLC. Headquartered in Boulder, CO, Pact is a rapidly-growing apparel company with a focus on sustainability and ethical sourcing/production methods. Pact’s...
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September 10, 2020, 08:20 AM
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CIT Group Inc. announced that its Asset-Based Lending business, part of the Commercial Finance division, served as joint lead arranger on a $150 million asset-based revolving credit facility for Steven Madden Ltd.Steve Madden is a leading designer...
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September 01, 2020, 08:55 AM
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Citizens Commercial Banking announced that it is lead left arranger of a $150 million asset-based revolver for Steve Madden, a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children.“We...
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Guess?, Inc. entered into an Amendment Number Three to Loan, Guaranty and Security Agreement (the “Third Amendment”) by and among the Company, Guess? Retail, Inc., Guess.com, Inc. (collectively, the “U.S. Borrowers”), Guess? Canada Corporation...
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TOMS Shoes, a maker of footwear perhaps best known for its charitable principles and low cut canvas slip on, has reached a deal with creditors to avoid a possible bankruptcy filing, according to multiple media reports.Reuters first broke the news...
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December 31, 2019, 09:00 AM
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SKECHERS USA, Inc., a global footwear leader, announced the closing of a new $500 million, five-year, senior unsecured credit facility. This new credit facility replaces the $250 million asset-backed credit facility that Skechers entered into in 2015...
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November 27, 2019, 08:55 AM
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Lucky Brand Dungarees, LLC, a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced the completion of a new refinancing transaction.As a...
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November 26, 2019, 09:00 AM
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Rosenthal & Rosenthal, Inc., the leading independent factoring, asset based lending and purchase order financing firm in the United States, today announced the completion of a recent $1 million inventory production finance deal for a well-known...
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November 15, 2019, 08:50 AM
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Second Avenue Capital Partners, LLC (SACP), and White Oak Commercial Finance, LLC, an affiliate of White Oak Global Advisors, LLC, have closed on a $16,000,000 asset-backed revolving credit facility for Marolina Outdoor, Inc., a Charleston, SC based...
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September 11, 2019, 08:45 AM
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Second Avenue Capital Partners, LLC,, and White Oak Commercial Finance, LLC, an affiliate of White Oak Global Advisors, LLC, have closed on a $16,000,000 asset-backed revolving credit facility for Marolina Outdoor, Inc., a Charleston, SC based...
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August 13, 2019, 08:40 AM
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Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $35,000,000 to finance the acquisition of Alex Apparel Group, Inc. by affiliates of Versa Capital Management, LLC.Established in 1989, Alex Evenings...
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PNC Bank, National Association, announced the closing of a $400 million senior secured credit facility for American Eagle Outfitters, Inc.. PNC Bank, N.A. served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and...
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February 20, 2019, 09:05 AM
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Super G provided a seasonal second lien term load to a designer, marketer and manufacturer of specialty dancewear.
The company had recently established an inventory based credit facility with Crossroads Financial to fund general working capital...
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January 31, 2019, 07:19 AM
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Crocs and its subsidiaries, Crocs Retail, LLC and Jibbitz, LLC, as borrowers, and Western Brands Holding Company, LLC, as guarantor, entered into the Seventeenth Amendment to the Amended and Restated Credit Agreement with the lenders party thereto...
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December 05, 2018, 07:04 AM
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Sallyport Commercial Finance delivered an $800,000 Accounts Receivable facility and a $500,000 Inventory facility to a family-run manufacturer of baby products.
Through personal encounters with families and their newborns, a medical practitioner...
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November 28, 2018, 07:00 AM
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Perry Ellis International, Inc. announced the successful completion of its acquisition by an entity controlled by George Feldenkreis in which Perry Ellis has become a private company through a $437 million transaction.
The transaction was financed...
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October 25, 2018, 08:00 AM
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Michael Kors Holdings Limited, a global fashion luxury group, announced that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro...
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September 26, 2018, 08:02 AM
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Sallyport Commercial Finance delivered a $7,500,000 combined credit facility that includes an Accounts Receivable Line, Inventory Line and Term Loan to a family owned apparel company with over 30 years of experience. The business breached several...
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September 24, 2018, 07:21 AM
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PNC Bank, National Association, announced the closing of a $106.5 million senior secured facility for R.G. Barry Corporation. A fund managed by GSO Capital Partners LP participated as an anchor investor for a portion of the unitranche facility. PNC...
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September 18, 2018, 07:15 AM
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Citizens Bank that Citizens Commercial Banking is providing an $80 million asset-based revolving line of credit to New York-based Vince, a global luxury apparel and accessories brand. Citizens is the sole lead arranger, sole bookrunner and...
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September 12, 2018, 07:13 AM
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Gordon Brothers Finance Company and Gordon Brothers announced that they have closed on a refinancing deal to Cherokee Global Brands. The term loan is secured by the company’s intellectual property, including the Cherokee, Hi-Tec, Magnum, Tony Hawk...
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August 07, 2018, 07:23 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $10,000,000 senior credit facility to Iselin, New Jersey-based Taylored Services, LLC.
Taylored is a fully integrated third-party logistics provider...
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Encina Business Credit, LLC (EBC) announced that it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, IL, Heritage is a designer and distributor in the business case, luggage and travel...
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SSG Capital Advisors, LLC acted as the investment banker to Costume Gallery Holdings, Inc. in the sale of substantially all of its assets to Henry & Wallace, LLC. The transaction closed in April 2018. Costume Gallery is a leading designer, marketer...
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Tailored Brands, Inc. announced that it has refinanced its existing Term Loan due June 2021, extending its maturity to April 2025.Tailored Brands Chief Financial Officer Jack Calandra said, "We are pleased to have refinanced our term loan and...
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Sterling National Bank provided credit facilities totaling $19 million to Alex Apparel Group (Alex Apparel) to complete its acquisition of Sally Lou Fashions Corp. In addition to the acquisition, the facility will be used by the company to provide...
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September 19, 2017, 07:17 AM
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MB Business Capital Canada Inc., an indirect subsidiary of MB Financial Bank, NA, announced it recently provided a new $9,000,000 Canadian senior credit and foreign exchange facility to R.M.P. Athletic Locker Limited. RMP Athletic is based in...
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August 18, 2017, 07:00 AM
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Performance Sports Group Ltd., a developer and manufacturer of high performance sports equipment and apparel, announced it will seek the approval of the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of...
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January 27, 2017, 06:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.32 million senior credit facility to Air Waves, LLC. Air Waves is a leading provider of on demand garment printing and fulfillment services. Air Waves...
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November 29, 2016, 07:44 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the continued growth of Hanna Andersson by a prestigious private equity sponsor.Founded in 1983 and based in Portland...
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November 15, 2016, 07:33 AM
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Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of The Worth Collection, Ltd. (“Worth”) by private equity sponsor, New Water Capital, L.P. Based in New...
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October 11, 2016, 07:46 AM
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Sallyport Commercial Finance, LLC recently provided a $5 million Accounts Receivable facility limit – including $1.5 million of Purchase Order Financing - to a Seattle-based apparel company specializing in high-end men’s active wear. Our client...
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September 15, 2016, 07:00 AM
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MB Business Capital announced it recently provided an $8 million senior credit facility to Active Fashion Group (“AFG”), a Colorado based company. AFG, founded in 1998 as a wholesale manufacturer and distributor, designs and distributes innovative...
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August 22, 2016, 08:07 AM
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According to an SEC 8-K filing, Oxford Industries entered into a fourth amended and restated credit agreement that provides for a revolving credit facility of up to $325 million which may be increased by up to an additional $100 millon under certain...
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Lighthouse Financial Corp. announced it has provided a $3.2 million revolving line of credit and a $235,000 term loan to a NC based manufacturer of medical and non-medical hosiery. The company was founded in 1927 and, prior to 2014, focused on women...
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King Trade Capital announced the firm has established a $5 million annual supply chain finance facility for a Missouri-based company that designs, sources, and imports private label apparel for several iconic brands. King Trade Capital was introduced...
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Marquette Business Credit announced it recently funded a new $4 million revolving line of credit to a national branded designer, developer, and distributor of premium rugged mountain lifestyle apparel and accessories. The secured credit facility...
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The PrivateBank announced it has extended a credit facility to Circa of America, LLC, a leading designer and manufacturer of men’s and women’s private-label belts nationwide. The company was founded in 1970 in San Francisco, CA. Circa of America is a...
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February 10, 2016, 07:28 AM
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Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a credit facility to new client, Chubbies, Inc. an e-commerce apparel company. Proceeds from the facility will provide working capital to finance accelerated...
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February 04, 2016, 07:55 AM
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Bibby Financial Services announces a large asset-based lending facility with the provision of a $6.5 million facility to Apparel Imports, a Miami-based formalwear company with global operations.The men’s formalwear maker sought Bibby Financial...
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October 07, 2015, 07:21 AM
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Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved a variety of First Day Motions related to its voluntary chapter 11 restructuring. Collectively, the orders granted...
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September 11, 2015, 07:36 AM
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Danier Leather Inc. has entered into a third amended and restated credit agreement with its existing lender Canadian Imperial Bank of Commerce, which converts the company's existing operating and revolving credit facilities into a senior secured...
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August 28, 2015, 07:53 AM
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Citizens Bank announced it has closed $60 million of new senior secured credit facilities for The Rockport Group, a Canton, Mass.-based shoe designer and manufacturer. Berkshire Partners LLC, a Boston-based investment firm, together with New Balance...
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August 27, 2015, 07:55 AM
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $2 million export accounts receivable facility to an apparel manufacturer in Pakistan. The client, exporting to Europe and...
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August 21, 2015, 07:10 AM
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Bloomberg reported American Apparel Inc. posted a wider second-quarter loss in a preliminary earnings statement and said it won’t be able to report official figures on time because its management is engaged in talks with lenders.According to the...
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August 12, 2015, 07:57 AM
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First Niagara Financial Group has closed a multi-million dollar credit package with Ibex Outdoor Clothing, LLC, a designer, distributor and retailer of premium wool outdoor and active apparel for men and women. The financing package was arranged by...
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Wolverine Worldwide has amended and extended the company's senior secured credit facilities. The amended credit agreement consists of a $450 million term loan and a $500 million revolving credit facility, an overall facility increase of $300...
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $9 million revolving credit facility to Phoenix Footwear Group, Inc. Headquartered in Carlsbad, California, Phoenix specializes in quality...
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Phoenix Footwear Group, Inc. (announced that it has entered into a new Bank Financing Agreement with NewStar Business Credit, LLC. On February 2, 2015, the company entered into a Loan and Security Agreement with NewStar Business Credit, LLC. The Loan...
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February 06, 2015, 07:33 AM
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Strengthening its commitment to apparel finance, Wells Fargo has opened a new commercial banking office in New York City to expand its services to the apparel industry. The middle-market lending unit joins established company business lines such as...
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January 16, 2015, 07:55 AM
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ranklin Square Capital Partners, the largest manager of business development companies in partnership with GSO Capital Partners, the credit division of Blackstone, announced the origination of a senior secured loan to finance the acquisition and...
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December 22, 2014, 07:06 AM
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Bibby Financial Services announced it has funded an $8.5 million accounts receivable and inventory finance facility for a Miami-based apparel company. The 30-year-old business is a major designer and manufacturer of licensed sportswear for big box...
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November 21, 2014, 07:46 AM
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Bibby Financial Services announced today that it has funded a $1.25 million non-recourse factoring facility for a California-based apparel manufacturer. This new business saw increased demand for private-label denim, but as a start-up had struggled...
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September 22, 2014, 07:14 AM
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King Trade Capital announced the recent funding of a $4 million purchase order finance facility for a California-based high-end men’s apparel designer and manufacturer. KTC was contacted by the special situations group of a national asset-based...
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September 15, 2014, 07:12 AM
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Golub Capital announced it acted as Administrative Agent and Joint Lead Arranger in providing an $85 million first lien term loan and $20 million second lien term loan to support the acquisition of R.G. Barry Corporation ("R.G. Barry" or the "Company...
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September 08, 2014, 07:32 AM
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CIT Group Inc. announced that it arranged and syndicated a $90 million senior secured credit facility to The Levy Group Inc., a designer, manufacturer, importer, marketer and distributor of men’s and women’s outerwear, dresses, active sportswear and...
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August 19, 2014, 07:31 AM
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First Niagara Commercial Finance, Inc., a subsidiary of First Niagara Bank, N.A., has provided a new credit facility to Massachusetts-based, Dawson Forté, LLC. The $12 million Senior Secured Credit Facility immediately provided the company with ample...
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August 01, 2014, 07:45 AM
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TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided a $7 million secured financing to support the acquisition of Sportdecals Sport and Spirit Products, Inc. by...
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced that it has provided a secured revolving credit facility to Summit Golf Brands, Inc. (“Summit”).
Headquartered in Shelton, CT, Summit designs, produces and...
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January 29, 2014, 07:03 AM
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GE Capital announced that it is serving as administrative agent on a $100 million multi-currency revolving credit facility for Billabong International, the Australia-based sports-apparel company. The new credit facility, which closed in December...
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January 29, 2014, 07:00 AM
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Talon International, Inc. announced that it finalized a new $8.5 million credit facility agreement with Union Bank, N.A. on December 31, 2013, consisting of a $5.0 million term loan and a $3.5 million revolving credit facility.Talon immediately used...
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January 08, 2014, 07:23 AM
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DS-Concept Factoring has provided a $10 million export accounts receivable facility to a vertically integrated garment manufacturer. The client, headquartered in India, has global sales in excess of $100MM and is one of the country’s largest...
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January 08, 2014, 07:14 AM
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Salus Capital Partners, LLC, announced it has provided a $50 million Senior-Secured Credit Facility to Hampshire Group, Limited. The financing will be used for general corporate purposes.Hampshire Group, Limited, along with its wholly-owned...
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November 06, 2013, 07:14 AM
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Capital Business Credit (CBC) announced today that it is providing Ropa Siete Leguas (Ropa) with a $15 million revolving factoring facility.CMT de la laguna, S.A., parent company of Ropa, is the largest jean manufacturer in Mexico, with offices in...
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October 24, 2013, 07:38 AM
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Salus Capital Partners, LLC, announced it has provided a $10 million CAD Senior-Secured Credit Facility to The John Forsyth Shirt Company Ltd. The financing will be used to provide working capital for general corporate purposes as the Company emerges...
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October 23, 2013, 07:31 AM
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Editor's Note: This news item, which originally ran on ABL Advisor on Oct. 2, has been updated to include comments from Jon Lucas, president of CIT Trade Finance. Lucas' comments are inserted as paragraph 3.
Joe’s Jeans Inc. announced it has...
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October 10, 2013, 08:38 AM
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Hampshire Group, Limited, a leading provider of sportswear, announced that the company has refinanced its existing credit facility with Wells Fargo with a new $50.0 million, three-year credit facility from Salus Capital Partners. The credit facility...
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September 30, 2013, 08:01 AM
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Delta Apparel announced today that its wholly-owned subsidiary, To The Game, LLC, has acquired substantially all of the assets of Salt Life Holdings, LLC, including all of its domestic and international trademark rights in the Salt Life brand.
The...
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August 29, 2013, 07:36 AM
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The financial press is reporting surfwear company Billabong International Limited has agreed to a $294 million (A$325 million) debt refinancing deal that will effectively see control of the company handed over to consortium led by U.S. private equity...
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