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News Stories (230 Results) - Retail

Moody's Investors Service assigned ratings to four debtor-in-possession ("DIP") credit facilities of affiliated entities of Toys 'R' Us, Inc. Ratings are outlined below: Toys 'R' Us-Delaware, Inc. (DIP) $1.85 billion DIP ABL revolving credit... Read Story

November 20, 2017, 07:00 AM

The largest U.S. banks are keeping their exposure to the beleaguered retail sector in check, according to Fitch Ratings. The retail sector is unlikely to threaten the banks' ratings given their limited exposure, strong core earnings and healthy... Read Story

November 14, 2017, 07:44 AM

Siena Lending Group LLC announced the closing of a three-year $7.5 million asset based revolving credit and FILO term loan facility for B&B Bachrach, LLC (Bachrach), a menswear retailer headquartered in Los Angeles, California.  The financing was... Read Story

November 08, 2017, 07:00 AM

Struggling under a lingering distress in the retail sector, Sears Holdings Corporation announced that it will begin closing more stores in the U.S. sometimes in January. In a press release the company said it plans to close a total of 63 stores, 18... Read Story

November 06, 2017, 08:00 AM

Book World announced that beginning Thursday 11/2/17, a liquidation sale will begin at each Book World store location which will run until all inventory is sold. The liquidation sale will offer customers deep discounts on books, toys, games, puzzles... Read Story

November 01, 2017, 07:21 AM

Burlington Stores, Inc., a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced the launch of a debt repricing and extension transaction and provided updated guidance for the third quarter ended... Read Story

October 31, 2017, 07:28 AM

Authentic Brands Group (ABG), owner of a portfolio of iconic and world-renowned brands, including Juicy Couture, Jones New York and Aéropostale, announced that General Atlantic, a global growth equity firm, has made a strategic investment in the... Read Story

October 31, 2017, 07:28 AM

After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True... Read Story

October 30, 2017, 07:40 AM

Consumers are heading into the holiday season with robust purchasing intentions, but retailers can expect a diverse mix of spending -- including a continued transition to online shopping and a shift away from traditional product buying, according to... Read Story

October 27, 2017, 07:06 AM

Tailored Brands, Inc., a retail holding company for various men's apparel stores, including the Men's Wearhouse and Joseph A. Bank brands, announced that it has amended its asset-based revolving credit facility, expanding availability to $550 million... Read Story

October 26, 2017, 07:17 AM

The Bon-Ton Stores, Inc. announced that it has amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the Company with immediate flexibility and substantial additional liquidity under its current credit facility.According... Read Story

October 25, 2017, 07:20 AM

Toys“R”Us, Inc. announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in... Read Story

September 19, 2017, 07:35 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced they acted as administrative agent, bookrunner, and syndication agent for several separate asset-based credit facilities totaling $2.2 billion in connection with the... Read Story

September 13, 2017, 08:02 AM

White Oak Commercial Finance, LLC (WOCF), one of the nation’s leading financiers serving the middle market, announced that it has provided a $20 million dollar factoring facility to a distributor of luxury and branded apparel, accessories, handbags... Read Story

September 13, 2017, 08:00 AM

Golub Capital recently announced that as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, it provided a $200 million senior credit facility to support the merger of Downtown Locker Room (DTLR), a portfolio company of Bruckmann, Rosser... Read Story

August 18, 2017, 08:00 AM

Michael Kors Holdings Limited, a global fashion luxury brand, announced that it has reached an agreement to acquire Jimmy Choo, a global luxury footwear and accessories brand. Under the terms of the transaction, Jimmy Choo shareholders will receive... Read Story

July 25, 2017, 08:00 AM

Sears Holdings Corporation announced that it has entered into an amendment to its existing Second Lien Credit Facility dated September 1, 2016.  The amended credit facility provides an uncommitted line of credit facility under which subsidiaries of... Read Story

July 10, 2017, 07:17 AM

The vacancy rate for regional malls was 8.1% in Q2 2017, up from 7.9% in Q1, and up from 7.9% in Q2 2016, according to recent data from Reis. While vacancy rates appear to be climbing, they are down from a cycle peak of 9.4% in Q3 2011.For... Read Story

July 07, 2017, 08:00 AM

Placing a bet on the struggling retail sector, New York-based private equity firm Sycamore Partners has reached a definitive agreement to acquire Staples, Inc. for $10.25 per share in cash, or approximately $6.9 billion. Under the terms of the merger... Read Story

June 29, 2017, 08:00 AM

Distress in the retail sector is weighing heavily on Eddie Bauer, according to sources who say the storied clothier has engaged Guggenheim Partners LLC and Financo LLC to explore avenues for debt relief. The sources, who spoke to Reuters on condition... Read Story

June 27, 2017, 07:46 AM

Baceline Investments, LLC, a private real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, has announced the completion of a recapitalization effort for select, stabilized... Read Story

June 23, 2017, 07:45 AM

J. C. Penney Company, Inc. announced that it has completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility. The amended and restated facility provides improved pricing terms and extends the maturity from... Read Story

June 21, 2017, 07:30 AM

The future of a defining feature of 1980s Americana is under threat thanks to sweeping distress in the retail sector.  According to a research note from Credit Suisse, up to a quarter of the nation’s retail malls will close in the next five years as... Read Story

June 01, 2017, 08:00 AM

AloStar provided a $20 million commitment to Shiekh Shoes LLC, a limited-edition footwear and apparel retailer in Ontario, California. Founded in 1991, Shiekh Shoes is the largest independent sneaker retailer on the West Coast. The retailer operates... Read Story

May 16, 2017, 07:20 AM

Marsh Supermarkets, LLC, announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware, a step the Company has taken to enable its business operations to continue normally as it seeks a buyer for... Read Story

May 12, 2017, 08:18 AM

Apparel outlet Bebe Stores, Inc, announced that it is closing all of its stores by the end of May as it struggles to navigate increasingly turbulent waters for brick and mortar retailers.   In an SEC filing on April 21, Bebe said it also plans to... Read Story

April 24, 2017, 07:14 AM

Troubled retailer Sears Holdings Corp. said that mounting losses could restrict the company's access to new capital and threaten its continued existence as a going concern, Reuters reports. The warning comes in the midst of a massive cost-cutting... Read Story

March 22, 2017, 08:00 AM

Siena Lending Group LLC (“Siena”) announced the completion of a three-year $5 million asset-based revolving credit facility for RTA Furniture Distributors, Inc. dba Just Cabinets Furniture & More (“JCF&M”) to refinance its existing senior debt and to... Read Story

March 16, 2017, 07:59 AM

Gordon Brothers, the 114-year-old global advisory, restructuring, and investment firm, announced today that it is acquiring the Wet Seal brand, pending final court approval.  Launched in 1990, Wet Seal is an iconic consumer brand known for its... Read Story

March 06, 2017, 08:00 AM

Gemino Healthcare Finance continues to expand its portfolio and has recently funded an $8 million senior secured credit facility to Park Irmat Drug Corp. and Gideon’s Drugs. Proceeds from the loan will be used to pay off existing debt and for working... Read Story

February 22, 2017, 07:02 AM

Sears Holdings Corporation announced that it delivered meaningful improvement in operating performance for the fourth quarter of 2016, and outlined important actions to drive profitability. These include steps to enhance the Company's liquidity and... Read Story

February 10, 2017, 08:05 AM

The joint venture comprised of Boston-based Gordon Brothers and Chicago-based Hilco Global, announced that they have begun the store closure process for the remaining 137 Wet Seal stores and ecommerce website as part of Wet Seal’s bankruptcy... Read Story

February 09, 2017, 06:52 AM

Ares Commercial Finance announced that it has extended $30 million of credit to Sears Authorized Hometown Stores, LLC. The credit facility consists of a working capital revolver and is a participation in a larger global commitment of $250... Read Story

February 06, 2017, 08:00 AM

Citizens Bank announced that Citizens Commercial Banking is providing a $30 million credit facility to NEJ, Inc., a global leader in excess inventory solutions for retailers and specialty stores. Citizens is the sole administrative agent. Beacon... Read Story

January 31, 2017, 08:07 AM

Citizens Bank announced that Citizens Commercial Banking is providing a $35 million credit facility to Retail Concepts, which operates 33 retail stores and an ecommerce website under the name Sun & Ski. Citizens is the sole lender and administrative... Read Story

January 26, 2017, 07:20 AM

Wells Fargo Capital Finance UK Limited, part of Wells Fargo & Company, announced that it acted as agent and lead arranger for an asset-based credit facility for Maplin, the UK’s number one specialist technology retailer with 217 stores across the UK.... Read Story

January 25, 2017, 07:44 AM

Trans World Entertainment Corporation announced that on January 17, 2017 the Company entered into an amended five-year revolving secured credit agreement with Wells Fargo Capital Finance, a division of Wells Fargo & Company of up to $75 million. The... Read Story

January 20, 2017, 07:56 AM

Great American Capital Partners, LLC, a wholly owned subsidiary of B. Riley Financial Inc. (RILY),  has entered into an agreement with Eleven James, Inc., -- a provider of luxury timepieces --  to provide a $20 million senior secured term loan to be... Read Story

January 12, 2017, 07:45 AM

Sears Holdings Corporation announced that certain of its subsidiaries have entered into a $500 million committed secured loan facility maturing in July 2020. $321 million was funded under the Loan Facility today and up to an additional $179 million... Read Story

January 05, 2017, 08:30 AM

Warburg Pincus, a global private equity firm focused on growth investing, announced that funds affiliated with the firm have agreed to acquire Gabriel Brothers, Inc. ("Gabe's" or the "Company"), an off-price fashion and home retailer.  As part of the... Read Story

December 22, 2016, 07:15 AM

Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced today it has provided a $100 million senior secured credit facility to Cognical, Inc. (d/b/a Zibby), to expand its omnichannel... Read Story

December 16, 2016, 07:23 AM

According to the 8th annual CIT Retail Outlook, 80% of middle-market retailers rate their overall financial condition as healthy or very healthy. Many are cautiously optimistic about the upcoming holiday season and the near-term future. Sixty percent... Read Story

November 23, 2016, 07:44 AM

While retail sales are expected to increase this holiday shopping season compared to last year, U.S.-based importers and suppliers who sell goods to retailers are not entirely confident consumers are going to open their wallets, according to a new... Read Story

November 21, 2016, 08:08 AM

As businesses gear up for the holiday season, they are optimistic about sales and predict growth for the next quarter and into 2017, according to the American Express Holiday Growth Pulse, a survey of 1,502 small and middle market businesses across a... Read Story

November 11, 2016, 07:13 AM

MidCap Financial has closed a $15 million senior credit facility to support the growth of Natural Markets Food Group ("NMFG" or the "Company"), a leading regional natural and organic grocery retailer.  The MidCap credit facility provided NMFG with... Read Story

November 08, 2016, 07:38 AM

CIT Group Inc. announced that CIT Retail Finance served as sole lead arranger for a $35 million senior secured credit facility to support the equity investment made by private equity sponsor, Goode Partners LLC, in the acquisition of Forman Mills... Read Story

November 01, 2016, 07:14 AM

Crystal Financial acted as documentation agent for a $150 million second lien term loan and anchored the tranche with a $30.0 million commitment. This facility refinanced upcoming maturing debt and provided incremental liquidity. Bon-Ton Stores, Inc... Read Story

October 28, 2016, 07:14 AM

Bloomberg reports Nine West Holdings Inc.’s senior lenders have agreed to lift a loan restriction in order to give the struggling footwear chain breathing room to get through the holiday season, according to people with knowledge of the matter.The... Read Story

October 26, 2016, 08:01 AM

Citizens Bank announced that Citizens Commercial Banking is providing a $20 million revolving credit facility to Riesbeck’s Food Markets. Citizens is the sole lender. Founded in 1925, Riesbeck’s Food Markets owns and operates 14 grocery stores in... Read Story

October 25, 2016, 07:48 AM

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a $32.5 million senior credit facility to support the equity investment made by private equity sponsor Goode Partners LLC in the acquisition of Forman... Read Story

October 18, 2016, 07:39 AM

Secular challenges including the rise of e-commerce and discount retailers, declining mall traffic, and consumer spending shifts toward services and experiences have created a highly competitive retail environment that has placed some retailers at... Read Story

September 29, 2016, 07:17 AM

Retailers should see an uptick in holiday sales in stores and online this year, according to Deloitte’s annual retail holiday sales forecast.“We anticipate a modest increase in sales growth as economic fundamentals that boost spending improve further... Read Story

September 23, 2016, 07:50 AM

Bloomberg reported a consortium led by Simon Property Group Inc. and General Growth Properties Inc. won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.The Bloomberg article... Read Story

September 06, 2016, 07:57 AM

On Sep. 1, 2016, Sears Holdings Corporation, Sears Roebuck Acceptance Corp. (“SRAC”) and Kmart Corporation (together with SRAC, the “Borrowers”) entered into a Second Lien Credit Agreement (the “Credit Agreement”) with the Lenders (as defined below)... Read Story

September 06, 2016, 07:33 AM

Bathstore, the Hertfordshire-headquartered bathroom retailer with 170 stores across the UK, has secured an asset-based lending (ABL) facility to support its growth strategy. Terms of the deal were not disclosed.The Royal Bank of Scotland (RBS)... Read Story

September 02, 2016, 07:06 AM

Wells Fargo Capital Finance announced it acted as sole lead arranger and book runner on a $100 million senior secured credit facility that will be used for the acquisition of Performance Bicycle  by Advanced Sports, one of the leading bicycle... Read Story

August 17, 2016, 07:49 AM

The Bon-Ton Stores, Inc. announced that it has successfully completed the closing of a new $150 million ABL Term Loan that matures in March 2021. According to an 8-K filing with the SEC, Bank of America served as adminstrative agent on the loan. The... Read Story

August 16, 2016, 07:41 AM

Reuters reports that bankrupt teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own” scheme to push the chain into... Read Story

July 25, 2016, 07:54 AM

Billabong International Limited has entered into a new U.S.$100 million asset-based credit facility with Bank of America Merrill Lynch. The Bank of America asset-based lending agreement replaces the GE Capital facility that was entered into in... Read Story

July 14, 2016, 07:53 AM

Golub Capital announced that as administrative agent, lead arranger and joint bookrunner, it provided a $280 million GOLD financing to finance Freeman Spogli's acquisition of Batteries Plus Bulbs ("B+B").  GOLD financings are Golub Capital One-Loan... Read Story

July 11, 2016, 08:02 AM

On June 27, 2016, Best Buy Co., Inc. entered into a $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank, N.A as administrative agent, and a syndicate of banks. The five-year facility agreement will... Read Story

July 01, 2016, 07:36 AM

hhgregg, Inc. (hhgregg or the Company) announced that it has amended its existing revolving credit facility, providing the company with increased financial flexibility. According to an 8-K filing with the SEC, Wells Fargo serves as administrative and... Read Story

June 29, 2016, 07:45 AM

QVC, Inc. (“QVC”) announced the refinancing of its senior secured credit facility with a new amended and restated senior secured credit facility. The new senior secured credit facility is a multi-currency facility, provides a line of credit of up to... Read Story

June 27, 2016, 07:10 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $55 million term loan and asset based revolver to support the continued growth strategy of The Mitchell Gold Co. d/b/a Mitchell Gold + Bob... Read Story

June 21, 2016, 07:59 AM

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility (including an undrawn revolving credit facility) to support the acquisition of Ashley Stewart, Inc. by its senior management... Read Story

June 14, 2016, 08:04 AM

SUPERVALU INC. announced it has successfully completed the amendment of its existing $1.5 billion senior secured term loan agreement. On July 28, 2015, the Company announced that it is exploring a potential separation of its Save-A-Lot segment, and... Read Story

May 23, 2016, 07:21 AM

Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects... Read Story

May 04, 2016, 08:06 AM

PNC Riverarch Capital announced the recapitalization of Feeders Supply Company, LLC, a leading specialty retailer of pet food and supplies headquartered in Louisville, Kentucky. The transaction also included a significant re-investment by President... Read Story

May 04, 2016, 07:53 AM

Sears Holdings announced the company will close 68 Kmart and 10 Sears stores this summer. In February, the company said that it would accelerate the closing of unprofitable stores. Today's announcement follows a comprehensive evaluation of the... Read Story

April 22, 2016, 08:03 AM

As part of its ongoing strategic review process, Vestis Retail Group, LLC ("Vestis" or "the Company"), the parent company of Eastern Mountain Sports ("EMS"), Bob's Stores ("Bob's") and Sport Chalet, announced a series of steps that will collectively... Read Story

April 18, 2016, 08:03 AM

99 Cents Only Stores LLC announced it has successfully completed an amendment and extension of its asset-based revolving credit facility.  Under the amendment, the ABL facility provides commitments of up to $160 million and extends the maturity date... Read Story

April 12, 2016, 07:35 AM

Sears Holdings Corporation announced that certain of its subsidiaries (the "Borrowers") have entered into a 15 month $500 million committed secured loan facility (the "Loan Facility") maturing in July 2017. $250 million was funded under the Loan... Read Story

April 11, 2016, 08:59 AM

U.S. economic growth has long been dependent upon consumer spending.  If the major suppliers (of mostly soft goods such as clothing and accessories) to retail outlets are a bellwether of the economy, then the coming months are looking to provide a... Read Story

March 31, 2016, 07:53 AM

Drybar Holdings LLC, a leading blow dry-only concept, announced the placement of $40.9 million in credit facilities to fund continued growth and working capital for its salon and products businesses, as well as to retire existing debt.As... Read Story

March 29, 2016, 07:24 AM

Sears Holdings Corporation announced that it has priced its previously announced $750 million Senior Secured Term Loan  (the "Term Loan") under the company's existing Third Amended and Restated Credit Agreement, dated as of July 21, 2015.  When... Read Story

March 21, 2016, 07:39 AM

Citizens Bank announced it has provided a $21.3 million credit facility to Barney’s Convenience Mart, Inc., an 18-site convenience store and retail fuel operator in Northwest Ohio. The funds include a $17.8 million term loan for the acquisition of... Read Story

March 02, 2016, 07:36 AM

Mattress Firm Holding Corp., the nation's largest specialty mattress retailer, today announced the completion of its acquisition of all of the outstanding equity interests in HMK Mattress Holdings LLC, the holding company of Sleepy's and related... Read Story

February 08, 2016, 08:00 AM

SUPERVALU INC.announced it has completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company’s inventory, credit card and certain other receivables and certain... Read Story

February 05, 2016, 08:02 AM

Siena Lending Group LLC announces the completion of a three-year $10 million credit facility for Marbles: The Brain Store (“Marbles”) to refinance their existing senior debt and to support their store growth requirements. Marbles is a portfolio... Read Story

January 11, 2016, 08:12 AM

Now deep into the holiday season, some observers are cautiously optimistic towards the outlook for the retail sector, while others are outright skeptical. At the same time, the private equity community remains interested in retail, believing that the... Read Story

December 15, 2015, 07:49 AM

FTI Consulting, Inc. recently released its 2015 Holiday Retail Report: Still No Urge To Splurge. While consumer confidence is fairly high, experts from FTI Consulting’s Retail & Consumer Products practice believe many shoppers are not eager to... Read Story

November 30, 2015, 08:03 AM

Citizens Commercial Banking has provided a $10 million senior secured credit facility to Active Sports Lifestyle USA LLC (d/b/a Active Ride Shop), a Rancho Cucamonga, Calif.-based skateboard product and clothing retailer with 28 locations throughout... Read Story

November 20, 2015, 08:03 AM

J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85... Read Story

November 17, 2015, 08:11 AM

Retailers are feeling confident about their financial situations – projecting growing sales and revenue – but many feel significant investment toward innovation in an omni-channel strategy including website, mobile and social media channels will be... Read Story

November 12, 2015, 08:03 AM

H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, has arranged a €35 million ($38.7 million) holding company PIK loan financing for Suitsupply, a leading men’s clothing retailer. Founded in 1999 in Amsterdam, Suitsupply... Read Story

October 27, 2015, 08:02 AM

United Refining Company (URC), a leading regional refiner and marketer of petroleum products announces the completion of a new bank financing. On October 20, 2015, URC consummated a new five-year credit facility (the "New Facility") of $475 million... Read Story

October 26, 2015, 07:40 AM

FTI Consulting, Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today released its U.S. Online Retail Sales Forecast: Middle Aged but Still Looking Good, which projects U.S.... Read Story

October 23, 2015, 08:05 AM

Tandy Leather Factory announced an agreement with Bank of Texas for a $6 million revolving credit facility.  This credit facility replaced the company's prior line of credit with JPMorgan Chase Bank, N.A.  The new agreement expires in September... Read Story

September 25, 2015, 07:44 AM

Citizens Bank announced it has provided a $60 million senior secured credit facility for Matteson, Ill.-based Rogers Enterprises, Inc., owner of a jewelry chain with 77 locations. Citizens acted as sole lead arranger of the $60 million asset-based... Read Story

September 24, 2015, 08:04 AM

Carl Marks Securities LLC acted as investment banker and chief restructuring advisor to denim retailer Joe’s Jeans Inc. on two transactions, the first of which closed on September 11 and involved the sale of the Joe’s® brand and substantially all of... Read Story

September 18, 2015, 07:41 AM

MB Business Capital announced it recently provided a new $17.5 million senior credit facility to Selbyville, Delaware based E Revolution Ventures, LLC . E Revolution Ventures is a global on-line retailer that sells various consumer goods directly to... Read Story

September 17, 2015, 08:06 AM

First Niagara Financial Group announced it has closed on a $20 million revolving line of credit with Calypso St. Barth, a designer, retailer and wholesaler of luxury lifestyle apparel, accessories and home goods.The financing package was arranged by... Read Story

September 02, 2015, 07:46 AM

Citizens Bank announced today that Citizens Commercial Banking has provided a $31.5 million senior secured credit facility for Dover Saddlery, Inc., a leading multichannel retailer of equestrian products in the United States. Dover Saddlery recently... Read Story

August 05, 2015, 08:06 AM

Bluestem Group Inc. announced the completion of its acquisition of Orchard Brands Corporation, a leading national, multi-brand family of 13 catalog and eCommerce brands serving the boomer and senior demographics, for $410 million in cash, subject to... Read Story

July 14, 2015, 07:58 AM

Great American Capital Partners, LLC (GACP) has led a $25 million senior secured first-in last-out (FILO) term loan to General Wireless Operations, Inc., doing business as RadioShack. The term loan is part of a $75 million financing package that... Read Story

July 07, 2015, 07:33 AM

Citizens Bank announced Citizens Commercial Banking arranged a $35 million senior secured credit facility for Total Hockey, a specialty hockey and lacrosse retailer in the United States, who has been named to Inc. Magazine’s list of “Fastest Growing... Read Story

July 06, 2015, 08:07 AM

Boot Barn Holdings, Inc. announced the completion of its previously announced acquisition of Sheplers, Inc., a 115-year old western lifestyle company with 25 retail locations across the United States and an industry-leading e-commerce business.The... Read Story

June 30, 2015, 08:01 AM

Capmark Financial Group Inc.  has entered into a definitive agreement to acquire Orchard Brands Corporation for $410 million in cash, subject to various pre- and post-closing adjustments. The transaction will broaden and diversify the customer base... Read Story

May 28, 2015, 07:46 AM

Boston-based Karmaloop, Inc., a 15-year-old online retailer specializing in streetwear, action sports and music-inspired clothing,announced that Comvest Partners and CapX Partners, are acquiring all of Karmaloop's businesses, including Karmaloop.com... Read Story

May 22, 2015, 07:56 AM

CIT Group Inc. announced that CIT Corporate Finance served as administrative agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners L.P., a private equity firm. The financing was used to facilitate... Read Story

May 21, 2015, 07:48 AM

Dillard’s, Inc. announced that it has issued a new $1 billion senior unsecured revolving credit facility, taking advantage of favorable market conditions and enhancing the company’s liquidity. This credit facility replaces a secured credit facility... Read Story

May 15, 2015, 07:31 AM

Monroe Capital LLC today announced an increase in the credit facility to Luxury Optical Holdings (“LOH”) to support continued growth of the business. LOH is a portfolio company of aPriori Capital Partners and Goode Partners.Based in Las Vegas, Nevada... Read Story

April 30, 2015, 07:48 AM

Hancock Fabrics, Inc. announced the refinancing of the company’s existing senior debt under a new credit agreement with Wells Fargo Capital Finance and Great American Capital Partners. This will provide additional availability over the current senior... Read Story

April 23, 2015, 07:56 AM

Sprouts Farmers Market announced that it has completed a new five-year, $450 million revolving credit facility to replace its existing term loan and revolving credit facility. The Company will utilize the initial drawing of $260 million under the new... Read Story

April 20, 2015, 07:15 AM

PNC Bank announced a syndication of $210 million in senior secured revolving credit for grocery retailer Haggen, Inc., a portfolio company of Comvest Partners. PNC Capital Markets LLC syndicated the transaction as sole lead arranger and bookrunner... Read Story

April 01, 2015, 07:51 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Bloomfield Hills, Michigan-based Summit Sports, LLC.  Summit Sports is an action sports retailer that owns and operates a... Read Story

March 25, 2015, 07:51 AM

Ares Management and GE Capital announced that the European Loan Programme (ELP), a €3.0 billion joint venture between affiliates of the two global institutions that provides senior secured loans to upper middle market corporate borrowers has... Read Story

March 23, 2015, 07:25 AM

Versa Capital Management, LLC (“Versa”) announced today that one of its affiliates was declared the winning bidder in the auction for the business of The Wet Seal, Inc. (“Wet Seal”), a specialty retailer in reorganization proceedings. “We believe our... Read Story

March 16, 2015, 08:14 AM

Salus Capital Partners, LLC, has increased its senior secured credit facility for Mitchell Gold + Bob Williams up to $40 million as of December 2014. The company will use the financing for working and growth capital for its ongoing retail store... Read Story

February 20, 2015, 07:33 AM

As the economic recovery gains speed, the consumer electronics and furniture sectors of the retail industry can look forward to growth in 2015, while the apparel sector faces a more mixed outlook. These insights and more are shared by three CIT... Read Story

February 19, 2015, 08:04 AM

BBVA Compass announced its asset-based lending group provided a $25.4 million credit facility to Higginbotham Brothers & Co. of Comanche, Texas. Higginbotham operates 37 True Value and Ace Hardware stores in TexasBBVA Compass is a Sunbelt-based... Read Story

February 13, 2015, 07:54 AM

Marquette Business Credit announced it recently funded a $5 million revolving line of credit and inventory term loan to Patrick James, Inc. Patrick James, Inc. is a well-established, high-end men’s apparel retailer with fifteen retail locations... Read Story

February 13, 2015, 07:13 AM

Stein Mart, Inc. announced that it has entered into a second amended and restated credit agreement  with Wells Fargo Bank that will mature in February 2020 and a master loan agreement with Wells Fargo Equipment Finance, Inc. The Credit Facilities... Read Story

February 05, 2015, 07:24 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $6 million revolving credit facility to RTA Furniture Distributors, Inc., a leading value-priced retailer of furniture and cabinetry.... Read Story

January 22, 2015, 07:36 AM

Rite Aid Corporation announced the completion of an amendment and extension of its existing senior secured credit facility, including an increased borrowing capacity of up to $3.0 billion, or up to $3.7 billion when the company repays its 8.00%... Read Story

January 14, 2015, 07:53 AM

A Reuters article notes Salus Capital Partners has offered to provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy. The article is based on a  recent Wall Street Journal... Read Story

January 13, 2015, 07:14 AM

Body Central Corp., the struggling women’s clothing retailer, said lender Crystal Financial LLC has terminated its $17 million credit line, dealing another blow to a company that’s already exploring bankruptcy according to a Bloomberg news story. The... Read Story

January 12, 2015, 07:38 AM

TD Bank announced that its Asset Based Lending (ABL) Group was recently selected by Brooks Brothers as Joint Lead Arranger in a $250 million credit facility. The amount of TD’s commitment and terms of the financing were not disclosed. Founded in 1818... Read Story

January 06, 2015, 07:34 AM

Business Capital has structured and secured a multi-million dollar credit facility for Mike’s Bikes,  the largest independent bicycle retailer on the West Coast, based in Marin County California, the birthplace of mountain biking. The Company sells... Read Story

January 05, 2015, 07:46 AM

TravelCenters of America announced that it has amended its existing $200 million revolving credit facility. Prior to the amendment, TA’s credit facility had a maturity date of October 25, 2016 and interest paid on drawings was LIBOR plus 225 basis... Read Story

December 24, 2014, 07:22 AM

Crystal Financial LLC, an independent commercial finance company, announced the closing of a $33.0 million Second Lien Term Loan for Birks Group.  Founded in 1879, Birks is a leading retailer of fine jewelry, timepieces and gifts with 28 stores... Read Story

December 17, 2014, 07:53 AM

Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc.  dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls.  The financing will be used by the company... Read Story

December 10, 2014, 07:48 AM

Sportsman's Warehouse Holdings, Inc. completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. Sportsman's... Read Story

December 05, 2014, 07:51 AM

Bloomberg reported , RadioShack lender Salus Capital Partners claimed the retailer defaulted on a borrowing agreement by accepting an October bailout from shareholder Standard General LP. The article cites a regulatory filing.Salus, which holds part... Read Story

December 03, 2014, 07:51 AM

Black Friday is an inarguably important day to retailers, kicking off the holiday shopping season and an inevitability high selling period that most retailers depend on. But as many retailers experienced in 2013, the promotional pressure on brick-and... Read Story

December 03, 2014, 07:19 AM

Restoration Hardware Holdings, Inc. announced the amendment and expansion of the company’s existing senior secured revolving credit facility to $600 million with a maturity in November 2019. This facility replaces the company’s $417.5 million... Read Story

December 02, 2014, 08:09 AM

An annual retail outlook study (www.cit.com/retailoutlook) of more than 250 senior middle-market retail executives conducted by CIT Group Inc. found cautious optimism among respondents. Fifty-five percent of executives anticipate their total holiday... Read Story

November 21, 2014, 07:30 AM

Citizens Commercial Banking’s Convenience and Retail Fuel Finance Group has closed a $40 million, seven-year credit facility with ASAP Energy Inc., a leading convenience store operator located in Weatherford, Okla. ASAP Energy operates 18 locations... Read Story

November 13, 2014, 07:56 AM

Capmark Financial Group Inc. announced that it has closed its previously announced acquisition of Bluestem Brands, Inc., a multi-brand, online retailer of name-brand and private label general merchandise serving low-to-middle income consumers... Read Story

November 10, 2014, 07:14 AM

Salus Capital Partners, LLC, announced it has provided an $82 million senior secured credit facility to Comark Inc. The financing will be used to refinance Comark’s existing lenders and to provide the company with working and growth capital.Founded... Read Story

November 06, 2014, 07:51 AM

Destination XL Group, the largest multi-channel specialty retailer of big & tall men's apparel, has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.  In addition, the company... Read Story

November 03, 2014, 07:23 AM

A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is... Read Story

October 31, 2014, 07:36 AM

Versa Capital Management announced its portfolio company AVENUE Stores has finalized a new capital structure to support AVENUE’s continued growth and provide additional interim returns to its equity holders. AVENUE is a specialty retailer with more... Read Story

October 30, 2014, 07:11 AM

Mattress Firm Holding Corp. (the Company) announced the completion of its acquisition of all of the outstanding equity interests in The Sleep Train, Inc. for an aggregate purchase price of $425 million, subject to working capital and other customary... Read Story

October 21, 2014, 07:53 AM

Marquette recently funded a $5 million working capital line of credit to Luke's Locker. The facility will provide future working capital requirements for the borrower as it continues to expand throughout Texas. This transaction was originated by... Read Story

October 16, 2014, 07:42 AM

CIT Group Inc. provided financing to Wakefern Food Corp., the largest supermarket cooperative in the United States. Wakefern is the principal supplier of food and non-food products to member-owned supermarkets that trade under the ShopRite and... Read Story

October 09, 2014, 07:27 AM

Stage Stores, Inc. entered into an amended and restated $350 million senior secured revolving credit facility (the “Credit Facility”) that will mature on October 06, 2019. The Credit Facility replaces the Company’s former $250 million senior secured... Read Story

October 07, 2014, 07:53 AM

A Reuters news story reports cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday... Read Story

October 03, 2014, 07:29 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $24.5 million senior credit facility to support the acquisition of a consumer products retail company by private equity sponsor, SPK Capital... Read Story

October 02, 2014, 07:56 AM

SUPERVALU INC. announced it has successfully completed the amendment and extension of its existing $1.0 billion asset-based revolving credit facility (the “Revolving ABL Facility”), which is secured by the company’s inventory, credit card, wholesale... Read Story

October 01, 2014, 06:41 AM

Citizens Commercial Banking’s Convenience and Retail Fuel Finance Group recently closed on a large five-year credit facility with Buchanan Energy LLC, a leading convenience store operator in the Chicago area. Buchanan Energy supplies 83 Exxon/Mobil... Read Story

September 30, 2014, 07:32 AM

Capmark Financial Group Inc. announced that it has entered into a series of agreements pursuant to which it will acquire Bluestem Brands, Inc. (“Bluestem”), a multi-brand, online retailer of name-brand and private label general merchandise serving... Read Story

September 29, 2014, 08:01 AM

Cache, Inc., a U.S. based multi-channel specialty retailer of women's apparel and accessories, announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the... Read Story

September 24, 2014, 07:58 AM

The Great Atlantic & Pacific Tea Company, Inc. (A&P) announced that it completed the refinancing of its existing senior debt on terms favorable to the Company. A&P successfully partnered with Wells Fargo Capital Finance to arrange the new $300... Read Story

September 22, 2014, 08:06 AM

Working with a major national asset-based lender, Crystal Financial provided a $25 million term loan to C&K Market. The term loan is secured by a first lien on all assets, except a second lien on A/R and Inventory, which are first lien collateral for... Read Story

September 17, 2014, 07:14 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $47 million unitranche financing to support the acquisition of Robert Marc Eyewear by Luxury Optical Holdings (“LOH”). The acquisition is supported by private... Read Story

September 16, 2014, 07:44 AM

Golub Capital announced that as sole bookrunner and administrative agent it provided a $165MM GOLD financing to support the acquisition of Marshall Retail Group ("MRG" or the "Company") by Brentwood Associates ("Brentwood"). Golub Capital has... Read Story

August 27, 2014, 08:02 AM

Wells Fargo Capital Finance acted as joint lead arranger on a $180 million senior secured credit facility for Vestis Retail Group to acquire Sport Chalet, Inc., a specialty sports retailer with 50 stores in the Western United States. Vestis Retail... Read Story

August 21, 2014, 08:09 AM

Sports Chalet is a premier, full-service specialty sporting goods retailer offering a broad assortment of brand name sporting goods, equipment, apparel, and footwear. The California-based retailer operates 50 stores located in California, Arizona... Read Story

August 01, 2014, 07:31 AM

Salus Capital Partners, LLC and Downtown Capital Partners, LLC announced they have agreed to provide $80 million in financing via a senior secured credit facility to specialty retailer Anna’s Linens, Inc. The facility is expected to be used to... Read Story

July 29, 2014, 07:19 AM

CapX Partners announced the closing of a $13 million senior loan facility to support the growth needs of Karmaloop, a multi-platform online retailer, community of style and media company specializing in global streetwear fashion and culture for men... Read Story

July 23, 2014, 07:19 AM

GE Capital, Corporate Retail Finance is providing Brookstone, the product development company and specialty retailer, with a $115 million senior credit facility. The financing will be used to support the company’s recent acquisition by Sailing... Read Story

July 22, 2014, 07:46 AM

Abercrombie & Fitch Co. announced that it has initiated a process to refinance its existing credit facilities.  The existing credit facilities consist of a $350 million unsecured revolving credit facility maturing July 27, 2016 and a $150 million... Read Story

July 15, 2014, 07:23 AM

In the face of an economy on a slow rebound and shifts in consumer behaviors, the winners among retailers since the Great Recession are those that are adapting their business models and keeping their brands relevant and their value proposition... Read Story

July 15, 2014, 07:14 AM

GE Capital, Commercial Distribution Finance (CDF) announced it has extended its inventory financing program with Bass Pro Shops through 2018. Bass Pro Shops, which owns boat manufacturer Tracker Marine Group, will use CDF funding to stock Tracker... Read Story

July 11, 2014, 07:51 AM

Monroe Capital LLC announced the funding of a $20.5 million senior secured credit facility for a specialty retailer to finance the company’s Employee Stock Ownership Plan (“ESOP”) and provide ownership to long-time employees.Monroe’s dedicated ESOP... Read Story

July 10, 2014, 07:49 AM

J. C. Penney Company, Inc. announced it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan. The new facility replaces a $1.850 billion... Read Story

June 24, 2014, 07:28 AM

ALCO Stores, Inc. announced that Wells Fargo Capital Finance acted as administrative agent on a $125 million senior secured revolver, $5 million real estate term loan and $12.5 million term loan, which ALCO Stores will use for working capital and... Read Story

June 03, 2014, 07:39 AM

On May 14, 2014, J. C. Penney Corporation, Inc., a wholly-owned subsidiary of J. C. Penney Company, Inc. entered into a commitment letter, with Wells Fargo Securities, LLC, Wells Fargo Bank, National Association, Bank of America, N.A., Merrill Lynch... Read Story

May 20, 2014, 07:36 AM

HVB Capital Credit LLC, a wholly owned subsidiary of Hudson Valley Bank, announced it has closed on a $5 million asset-based loan to Joyce Leslie Inc., based in Moonachie, NJ. The company intends to use this new credit facility to support working... Read Story

May 01, 2014, 07:39 AM

Pier 1 Imports, Inc. announced that its wholly owned subsidiary, Pier 1 Imports (U.S.), Inc., has completed the amendment of its $350 million senior secured revolving credit facility and successfully syndicated and closed the previously announced... Read Story

May 01, 2014, 07:24 AM

E Revolution Ventures, a data-driven e-commerce and brick and mortar retailer, has secured a $10 million line of credit through Richmond-based lender Virginia Commercial Finance (“VCF”). E Revolution Ventures spoke with over a dozen lenders as it... Read Story

April 25, 2014, 07:25 AM

Salus Capital Partners, LLC, specialists in financing growing consumer brands, announced it has provided a $17.5 million senior secured credit facility to Calypso St. Barth, Inc. The financing will be used to refinance its current lender, general... Read Story

April 24, 2014, 07:32 AM

SUPERVALU INC. announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company's inventory, credit card and certain other receivables... Read Story

April 18, 2014, 07:52 AM

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced that it has participated in providing Shopko Stores Operating Co., LLC with a $12.5 million increase to the company’s existing term loan. The financing... Read Story

April 17, 2014, 07:32 AM

Sears Holdings Corporation announced that its pro-rata spin-off of Lands’ End, Inc. (“Lands’ End”) from Sears Holdings closed on April 4, 2014. Lands’ End has now been separated from Sears Holdings and its common stock is expected to begin... Read Story

April 08, 2014, 07:24 AM

Wells Fargo Capital Finance announced it acted as left lead arranger and bookrunner on a $325 million secured credit facility that will be used for working capital and general corporate purposes for Guitar Center, Inc., America’s leading specialty... Read Story

April 04, 2014, 07:33 AM

Conn's, Inc., a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, today announced that it completed an expansion of its existing asset-based syndicated loan facility that matures... Read Story

March 28, 2014, 07:25 AM

On Mar.21, 2014, Toys“R”Us – Delaware, Inc., a direct wholly-owned subsidiary, and certain of its subsidiaries amended and restated the credit agreement for its senior secured revolving credit facility (“ABL Facility”) in order to extend the maturity... Read Story

March 27, 2014, 07:19 AM

The following is excerpted from J.Crew Group's Fourth Quarter and Fiscal 2013 Results released on Mar. 24. On March 5, 2014, the Company, Bank of America, N.A., as administrative agent and as collateral agent, and each lender party thereto entered... Read Story

March 25, 2014, 07:13 AM

Sears Holdings Corporation announced that its board of directors approved the separation of its Lands' End business by means of a pro-rata spin-off transaction. To effect the spin-off, Sears Holdings will distribute all of the outstanding shares of... Read Story

March 17, 2014, 07:29 AM

Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, has signed a commitment letter with Sycamore Partners and its affiliates for a strategic partnership and $150 million in senior secured credit facilities.... Read Story

March 14, 2014, 07:14 AM

RadioShack's weak operating results are expected to further constrain its liquidity in 2014, leaving the company with a limited window of opportunity to turn around its business, according to Fitch Ratings. On March 4, 2014, the company reported a... Read Story

March 07, 2014, 07:45 AM

Long's Drugs Incorporated ("Long's"), headquartered in Columbia, SC, is a retail and specialty pharmacy serving the SC, NC and GA markets. Founded in 1951 as a family-oriented business, Long's has maintained its tradition of providing excellent... Read Story

March 05, 2014, 07:46 AM

AloStar Business Credit has provided a $20 million senior secured revolver to Diamonds Direct USA, Inc., an operator of five retail diamond stores in the United States. The stores operate in Charlotte and Raleigh, NC; Richmond, VA; Austin, TX; and... Read Story

February 05, 2014, 07:34 AM

Wells Fargo Capital Finance acted as sole lead arranger and book runner on a $55 million senior secured revolving credit facility that will be used for working capital and general corporate purposes for Evergreen Enterprises of Virginia, LLC, which... Read Story

January 17, 2014, 07:36 AM

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced is has provided a $15 million term loan behind the senior credit facility to Diamonds Direct. Diamonds Direct is a direct importer and retailer of diamonds... Read Story

January 14, 2014, 07:21 AM

Monroe Capital LLC today announced the funding of a $27 million senior secured term loan in conjunction with a $40 million revolving line of credit provided by Bank of America Merrill Lynch to support the growth of Alliance Time and Ashford.com.... Read Story

January 09, 2014, 07:25 AM

GB Credit Partners, LLC, the investment management affiliate of Gordon Brothers Group, announced today that is has provided a $10 million term loan behind the senior credit facility to Samuels Jewelers, Inc. (“Samuels”), a national retailer of fine... Read Story

January 07, 2014, 07:41 AM

GE Capital, Corporate Retail Finance announced it is administrative agent on a $250 million senior revolving credit facility for Dunham’s Athleisure Corporation, a leading sporting goods retailer.  The proceeds will support ongoing working capital... Read Story

December 17, 2013, 07:42 AM

TD Bank announced that its Asset Based Lending (ABL) Group was recently selected by Long’s Jewelers Ltd to be its preferred lender as it plans to grow and expand its current footprint. Long’s, a 135-year-old, family-owned and operated jeweler serving... Read Story

December 13, 2013, 07:26 AM

BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for $85 million in senior credit facilities to QoL meds, LLC, a... Read Story

December 13, 2013, 07:22 AM

RadioShack Corporation has completed a new financing totaling $835 million including a $585 million senior secured ABL credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners, LLC... Read Story

December 11, 2013, 07:30 AM

ORIX Leveraged Finance announced the closing of a unitranche debt facility for Luxury Optical Holdings. Proceeds were used to consummate several acquisitions and provide liquidity for the company’s future growth. ORIX Leveraged Finance served as lead... Read Story

December 11, 2013, 07:24 AM

Siena Lending Group LLC  announces the completion of a three-year $10 million senior secured revolving credit facility for Temp-Tations, LLC.  Proceeds from Siena’s facility will be used to allow the company to pay down higher priced subordinated... Read Story

December 03, 2013, 07:13 AM

Conn's, Inc.,  a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, announced that it completed an expansion and extension of its asset-based loan facility with a syndicate of... Read Story

November 26, 2013, 07:51 AM

Salus Capital Partners, LLC, announced it has provided a $4 million senior secured term loan to Naartjie Custom Kids, Inc. The financing will be used as ongoing working capital for general business needs of Naartjie’s US and Canadian... Read Story

November 21, 2013, 07:13 AM

Monroe Capital LLC today announced the funding of a $27.5 million senior secured credit facility to support the acquisition of Gem Shopping Network, Inc., by an affiliate of Sun Capital Partners, Inc.Based in Duluth, Georgia, Gem Shopping Network... Read Story

November 06, 2013, 07:56 AM

Salus Capital Partners, LLC, announced it has provided a $42.5 million senior secured credit facility to HiTouch Business Services, LLC. The financing will be used for general corporate purposes. HiTouch, based in Saddle Brook, NJ, is a full-service... Read Story

October 30, 2013, 07:34 AM

Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter.... Read Story

October 22, 2013, 07:42 AM

GE Capital, Corporate Retail Finance announced it is administrative agent and sole lender on a $100 million senior secured credit facility for Samuels Jewelers. The proceeds will be used to refinance existing debt and to support ongoing working... Read Story

October 08, 2013, 07:38 AM

Siena Lending Group announced the completion of a two-year $5 million senior secured revolving credit facility for Smooth Fitness on Sep. 23, 2013. The facility will be used to support the company’s working capital and growth plans.  In addition, the... Read Story

October 08, 2013, 07:14 AM

According to Bloomberg News and the Fort Worth Star-Telegram, RadioShack plans to raise money by the end of 2013 to persuade suppliers to support its turnaround effort which sites information obtained from people familiar with the matter.The consumer... Read Story

October 07, 2013, 07:44 AM

Wells Fargo Capital Finance announced it acted as sole lead arranger and book runner on a $100 million senior secured credit facility that will be used for working capital and general corporate purposes for Harry & David, one of America’s leading... Read Story

October 04, 2013, 09:13 AM

Sears Holdings Corporation announced that its wholly owned subsidiaries Sears Roebuck Acceptance Corp. and Kmart Corporation have borrowed $1.0 billion under a new a senior secured term loan facility (the "Incremental Term Loan") under the Company's... Read Story

October 03, 2013, 07:56 AM

Australian surfwear retailer Billabong International Ltd. entered into binding agreements with certain entities affiliated with Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. in relation to a long term financing.Billabong said the... Read Story

September 19, 2013, 07:54 AM

Dramatic shifts in the retail grocery business continue to create opportunities for asset-based lenders and private-equity investors alike. But as a Tiger Group expert noted in a Sept. 12 panel discussion with colleagues from Nixon Peabody LLP and... Read Story

September 19, 2013, 07:26 AM

Sears Holdings Corporation announced that it has provided notice to the administrative agent under the Company's existing Second Amended and Restated Credit Agreement, dated as of April 8, 2011 (the "Existing Credit Agreement"), that the Company... Read Story

September 16, 2013, 10:00 AM

Dots, the fashion specialty apparel retailer, announced today that it has closed on a new four-year $51.0 million senior secured credit facility and term loan from Salus Capital Partners, LLC. The company expects that the funds secured through this... Read Story

September 16, 2013, 07:33 AM

Salus Capital Partners, LLC announced it has provided a $21 million senior secured credit facility to Love Culture, Inc. Love Culture is a lifestyle brand and shopping destination for edgy, fashion-forward young women. The financing will be used to... Read Story

September 05, 2013, 07:44 AM

Sport Chalet, a  specialty sporting goods retailer, has amended its existing credit facility with Bank of America Merrill Lynch, increasing the facility to $75 million and extending its term. The amendment to the credit facility was entered into on... Read Story

August 15, 2013, 07:03 AM

In its second quarter earnings release, Brookstone announced that it has entered into an amended banking facility with Wells Fargo Capital Finance, part of Wells Fargo & Company, which will provide up to $25 million of additional availability as the... Read Story

August 14, 2013, 07:29 AM

Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter. A Reuters article notes the struggling electronics... Read Story

August 14, 2013, 07:16 AM

Cache, Inc., a specialty chain of women’s apparel stores, secured a new, five year, $25 million credit facility through Wells Fargo Capital Finance.Jay Margolis, chairman and chief executive officer, commented: “We are pleased to partner with Wells... Read Story

July 31, 2013, 07:53 AM

Bloomberg reports Hudson’s Bay Co. has obtained about $2.8 billion of debt financing commitments to back its purchase of luxury retailer Saks Inc.Bank of America and Royal Bank of Canada are providing $1.9 billion of term loans and a $900 million... Read Story

July 31, 2013, 07:06 AM

Hart Stores Inc. annouced it has entered into a new revolving credit facility with PNC Bank Canada Branch providing for a maximum financing of $30 million. This new asset-based revolving credit facility will replace the company's existing banking... Read Story

July 22, 2013, 07:47 AM

United Online, Inc., a provider of consumer products and services over the Internet, announced that its wholly-owned subsidiary, FTD Companies, Inc. (FTD), has entered into a new credit agreement with various lenders, Bank of America Merrill Lynch... Read Story

July 18, 2013, 07:09 AM

American Apparel, a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced a $15 million increase in its revolving credit facility with Capital One Leverage Finance Corp. As a part of this... Read Story

July 09, 2013, 07:56 AM

Dillard’s, Inc. amended and extended its $1 billion senior secured revolving credit facility, taking advantage of favorable market conditions. The facility pricing was improved and the maturity has been extended an additional year to July 1, 2018.The... Read Story

July 02, 2013, 07:48 AM

Bank of America Business Capital has completed a senior secured revolving credit facility for longtime client E.C. Barton & Company to refinance the company’s existing debt and provide ongoing working capital financing. “E.C. Barton & Company is... Read Story

June 18, 2013, 08:02 AM

Frederick's of Hollywood Group announced that Salus Capital Partners, the company's lender, has increased the FILO Advance credit line portion of the company's credit facility by $5.0 million to $14.0 million."By increasing the FILO Advance credit... Read Story

May 30, 2013, 08:02 AM

Siena Lending Group announced the completion of a $7 million senior secured revolving credit facility for Lovesac, an omni-channel retailer of revolutionary furniture products and accessories.  The facility will be used to support the company’s... Read Story

May 29, 2013, 07:26 AM

Hudson's Bay Company (HBC) announced that Lord & Taylor Holdings LLC, a wholly-owned subsidiary of HBC, has fully repaid the U.S $205 million outstanding on its U.S. $450 million syndicated term loan with Credit Suisse Securities LLC and certain... Read Story

May 24, 2013, 07:43 AM

Wells Fargo Capital Finance acted as administrative agent, sole arranger and bookrunner and term loan agent on a $100 million senior secured revolver and a $10 million senior secured term loan that will be used for working capital and general... Read Story

May 10, 2013, 08:06 AM

The Wall Street Journal reported that J. C. Penney Company, Inc. announced that it has entered into a commitment letter with Goldman Sachs Bank USA under which Goldman Sachs has committed to provide the Company with a five-year $1.75 billion senior... Read Story

April 29, 2013, 08:05 AM

CFO.com reports that amid plunging sales and negative free cash flow, J.C. Penney taps its line of credit to finance inventory and operating expenses. Retailing giant J.C. Penney company announced on Apr.15, it had tapped a portion of its $1.85... Read Story

April 16, 2013, 08:05 AM

The Men's Wearhouse closed on its amended and restated credit facility. The credit agreement provides the company with a $300 million senior revolving credit facility, with possible future increases to $450 million under an expansion feature. In... Read Story

April 16, 2013, 07:13 AM

1-800-FLOWERS.COM, Inc., a leading florist and gift shop has entered into a new, amended and restated credit agreement with a syndicate of banks and other financial institutions led by JPMorgan Chase Bank, N.A. The new credit facility is comprised... Read Story

April 11, 2013, 08:03 AM

American Apparel, a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, has successfully closed a private offering of $206 million principal amount of its 13% senior secured notes due 2020 and has entered... Read Story

April 05, 2013, 08:01 AM

Wells Fargo Capital Finance Corporation Canada has acted as administrative agent and sole lender to a $60 million senior secured credit facility for SAIL Outdoors, Inc. which will use the financing for working capital and general corporate... Read Story

April 04, 2013, 07:46 AM

Wells Fargo Capital Finance acted as administrative agent and left lead arranger on an amended and extended $600 million senior secured credit facility that will be used for working capital and general corporate purposes for Saks... Read Story

March 29, 2013, 07:56 AM

Salus Capital Partners announced it has provided a $16 million debtor-in-possession (DIP) facility to Namco, LLC. Namco, LLC is a multi-channel home recreational products retailer and wholesaler with operations throughout the Northeastern and... Read Story

March 29, 2013, 07:12 AM

Conn’s, Inc., a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, announced that it completed an expansion of its asset-based loan facility with a syndicate of banks. The revolving... Read Story

March 28, 2013, 07:11 AM

Wells Fargo Capital Finance announced that through its Retail Finance unit, it is leading a new $1 billion senior secured, asset-based revolving credit facility for SUPERVALU, a leading grocery wholesaler and retailer. Wells Fargo Bank, N.A. will... Read Story

March 22, 2013, 08:08 AM

DDR Corp. announced that it has closed the refinancing of its two senior unsecured revolving credit facilities scheduled to mature in February 2016 and its senior secured term loan scheduled to mature in September 2014. The new $750 million unsecured... Read Story

January 18, 2013, 08:30 AM

Fitch expects 2012 holiday retail sales to grow between 3% and 4% versus 5.6% in 2011 despite a strong seasonal start. Total spending increased 13% during the Thanksgiving weekend, according to a survey conducted by the National Retail Federation... Read Story

December 03, 2012, 08:03 AM

The National Retail Federation urged President Obama and Congress to come up with a plan to avoid the “fiscal cliff” by Thanksgiving, saying uncertainty over the pending combination of tax hikes and spending cuts threatens consumer confidence during... Read Story

November 20, 2012, 07:36 AM

FTI Consulting released its 2012 Retail Report. The report, titled "A Real Cliffhanger," analyzes the state of the retail sector in the United States and finds resilience in consumer spending on goods despite ongoing global economic uncertainty and... Read Story

November 19, 2012, 07:44 AM

The U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $411.6 billion, a decrease of 0.3%... Read Story

November 16, 2012, 08:09 AM

According to the research study “Taking Stock in Tough Times: U.S. Retail Sector Outlook,” produced by CIT Group with Forbes Insights, more than a third (37%) of middle market retail executives believe their holiday sales will increase over 2011... Read Story

November 15, 2012, 07:43 AM