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News Stories (60 Results) - Apparel

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... Read Story

August 13, 2019, 08:40 AM

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... Read Story

July 10, 2019, 08:45 AM

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... Read Story

February 20, 2019, 09:05 AM

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... Read Story

January 31, 2019, 07:19 AM

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... Read Story

December 05, 2018, 07:04 AM

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... Read Story

November 28, 2018, 07:00 AM

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... Read Story

October 25, 2018, 08:00 AM

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... Read Story

September 26, 2018, 08:02 AM

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... Read Story

September 24, 2018, 07:21 AM

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... Read Story

September 18, 2018, 07:15 AM

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... Read Story

September 12, 2018, 07:13 AM

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... Read Story

August 07, 2018, 07:23 AM

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... Read Story

July 13, 2018, 07:17 AM

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... Read Story

June 06, 2018, 07:07 AM

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... Read Story

May 21, 2018, 07:06 AM

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... Read Story

April 10, 2018, 07:02 AM

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... Read Story

September 19, 2017, 07:17 AM

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... Read Story

August 18, 2017, 07:00 AM

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... Read Story

January 27, 2017, 06:00 AM

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... Read Story

November 29, 2016, 07:44 AM

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... Read Story

November 15, 2016, 07:33 AM

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... Read Story

October 11, 2016, 07:46 AM

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... Read Story

September 15, 2016, 07:00 AM

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... Read Story

August 22, 2016, 08:07 AM

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... Read Story

May 25, 2016, 07:09 AM

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... Read Story

May 17, 2016, 07:16 AM

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... Read Story

March 29, 2016, 07:33 AM

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... Read Story

March 01, 2016, 07:38 AM

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... Read Story

February 10, 2016, 07:28 AM

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... Read Story

February 04, 2016, 07:55 AM

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... Read Story

October 07, 2015, 07:21 AM

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... Read Story

September 11, 2015, 07:36 AM

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... Read Story

August 28, 2015, 07:53 AM

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... Read Story

August 27, 2015, 07:55 AM

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... Read Story

August 21, 2015, 07:10 AM

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... Read Story

August 12, 2015, 07:57 AM

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... Read Story

July 30, 2015, 07:21 AM

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... Read Story

July 21, 2015, 07:11 AM

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... Read Story

May 14, 2015, 07:43 AM

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... Read Story

February 06, 2015, 07:33 AM

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... Read Story

January 16, 2015, 07:55 AM

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... Read Story

December 22, 2014, 07:06 AM

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... Read Story

November 21, 2014, 07:46 AM

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... Read Story

September 22, 2014, 07:14 AM

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... Read Story

September 15, 2014, 07:12 AM

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... Read Story

September 08, 2014, 07:32 AM

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... Read Story

August 19, 2014, 07:31 AM

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... Read Story

August 01, 2014, 07:45 AM

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... Read Story

April 28, 2014, 07:31 AM

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... Read Story

January 29, 2014, 07:03 AM

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... Read Story

January 29, 2014, 07:00 AM

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... Read Story

January 08, 2014, 07:23 AM

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... Read Story

January 08, 2014, 07:14 AM

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... Read Story

November 06, 2013, 07:14 AM

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... Read Story

October 24, 2013, 07:38 AM

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... Read Story

October 23, 2013, 07:31 AM

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... Read Story

October 10, 2013, 08:38 AM

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... Read Story

September 30, 2013, 08:01 AM

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... Read Story

August 29, 2013, 07:36 AM

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... Read Story

July 17, 2013, 08:10 AM