NXT Capital announced that it has helped provide a $138.5 million senior secured credit facility to finance Irving Place Capital’s acquisition of Bendon, Inc.

NXT Capital acted as Joint Lead Arranger and Co-Documentation Agent for this transaction.

Bendon, Inc. is a leading designer and producer of children's coloring and activity products in the United States. The company has a broad portfolio of non-licensed and licensed products that includes the world's most popular children's characters and brands. Bendon’s products are distributed into a variety of retail partners that offer more than 80,000 distribution points in North America.

Based in New York City, Irving Place Capital is a middle-market private equity firm that invests in buyouts, recapitalizations and growth capital opportunities. The firm focuses on making control or entrepreneur-driven investments in retail and consumer, industrial and packaging companies where it can apply its substantial operating and strategic resources and expertise to enhance value. Since its formation in 1997, Irving Place Capital has been an investor in 60 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund.

“We are pleased to have NXT as a financing partner," said David Choi, Vice President, Irving Place Capital. “NXT provided competitive terms and delivered on their commitments within a condensed timeframe.”

NXT Capital provides structured financing solutions to middle-market companies and real estate investors through its Corporate Finance, Equipment Finance and Real Estate Finance groups. Based in Chicago with offices in Atlanta, Charlotte, Dallas, Los Angeles, Nashville, New York, Phoenix, San Francisco and Stamford, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.