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News Stories (126 Results) - Retail

Gump’s Holdings, LLC and its affiliates Gump’s Corp. and Gump’s By Mail, Inc.  announced that they filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of... Read Story
August 09, 2018, 07:07 AM

National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary... Read Story
August 07, 2018, 07:48 AM

Chico's FAS, Inc. announced that it has completed a $200 million senior secured credit facility with Wells Fargo & Company and other lenders to support ongoing business operations."After an in-depth evaluation, we chose Wells Fargo to lead our new... Read Story
August 06, 2018, 07:17 AM

Brookstone Company, the iconic mall retailer, announced it has begun the process of closing the company’s remaining 101 locations and is seeking a buyer for the firm. The company cited the "continued deterioration of traditional retail mall traffic"... Read Story
August 03, 2018, 08:00 AM

Ares Commercial Finance announced that it has provided an $11 million senior secured revolving line of credit to Fanzz Gear, Inc. (Fanzz).  Headquartered in Salt Lake City, Utah, Fanzz is a leading brick-and-mortar and online retailer of licensed... Read Story
August 03, 2018, 07:04 AM

US Foods Holding Corp. and Services Group of America announced that they have entered into a definitive agreement under which US Foods will acquire five operating companies collectively known as SGA’s Food Group of Companies, for $1.8 billion in cash... Read Story
July 31, 2018, 07:31 AM

News of the looming death of the traditional retail sector may have been greatly exaggerated -- at least for distressed brick-and-mortar stores that managed to make it through a tough first half and into the start of the back-to-school season. This... Read Story
July 18, 2018, 08:00 AM

The overwhelming majority of U.S. chief executive officers (83%) in the consumer and retail (C&R) industry say they are very confident about the growth prospects of their companies over the next three years – far more optimistic than their global... Read Story
July 11, 2018, 08:00 AM

Sears Holdings Corporation announced that it has entered into an amendment to its existing Second Lien Credit Facility dated as of March 14, 2018, among the Secured Loan Borrowers, the lenders party thereto, UBS AG, Stamford Branch, LLC, as... Read Story
July 09, 2018, 07:38 AM

Gordon Brothers, the global advisory, restructuring, and investment firm, announced that it has acquired the Bench brand and all its related intellectual property assets. Launched in Manchester, U.K. in 1989, Bench is one of the first streetwear... Read Story
July 09, 2018, 07:10 AM

The Rockport Group announced that, after completing a Court approved marketing process, it intends to complete the previously announced Asset Purchase Agreement  with CB Marathon Opco, LLC, an affiliate of Charlesbank Capital Partners, LLC, pending... Read Story
July 05, 2018, 08:00 AM

PNC Bank, National Association, announced the closing of a $315 million senior secured credit facility for JD Sports Fashion Plc’s (JD Sports) acquisition of The Finish Line, Inc. (Finish Line). JD Sports is based in Manchester, England, and is a... Read Story
June 19, 2018, 07:18 AM

Golden Gate Capital, a private equity investment firm, announced that it has established a new operating company, PSEB Group. PSEB will be composed of two Golden Gate portfolio companies: Eddie Bauer, LLC, an authentic outdoor brand offering... Read Story
June 11, 2018, 07:15 AM

PNC Business Credit, a division of PNC Bank, National Association, announced the closing of a $175 million senior secured revolving credit facility for Aero Opco LLC, the operating company of Aeropostale, a specialty retailer of casual apparel and... Read Story
June 01, 2018, 07:11 AM

Sportsman's Warehouse Holdings, Inc. announced that, on May 23, 2018, it amended its existing credit agreement to increase the borrowing capacity under its existing revolving credit facility by $100 million to $250 million, subject to a borrowing... Read Story
May 24, 2018, 07:18 AM

Footwear provider The Rockport Group, LLC announced that it has entered into an asset purchase agreement with CB Marathon Opco, LLC an affiliate of Charlesbank Equity Fund IX, Limited Partnership, pursuant to which Charlesbank will acquire... Read Story
May 14, 2018, 08:00 AM

Albertsons Companies, Inc. entered into a second amended and restated debt commitment letter with nearly two dozen lenders to put together nearly $5 billion to support its merger with Rite Aid.According to an 8K filing, Bank of America, N.A., Merrill... Read Story
May 11, 2018, 08:01 AM

Forging what one news outlet described as possibly "one of the largest revolving credit facilities of recent times," Walmart Inc. announced it has signed definitive agreements to become the largest shareholder in Flipkart Group. The investment will... Read Story
May 10, 2018, 08:00 AM

Hilco Corporate Finance, a mid-market investment bank and affiliate of Hilco Global, announced the successful completion of a $40 million working capital debt facility for Go! Retail Group a/k/a Calendar Holdings LLC and Calendar Club LLC. The... Read Story
April 26, 2018, 07:26 AM

With many brick-and-mortar retailers struggling to stay afloat, industry representatives say the time has come for the U.S. Supreme Court to update the court’s landmark 1992 ruling on the issue and require online sellers to collect sales tax the same... Read Story
April 23, 2018, 08:00 AM

Dollar Tree, Inc. entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, providing for $2.32 billion in senior credit facilities, consisting of a $1.25 billion revolving credit facility, of which up to $350 million... Read Story
April 23, 2018, 07:21 AM

Bertucci's, the casual restaurant known for its authentic Italian foods and signature brick oven pizzas, announced that it filed voluntary petitions for relief under Chapter 11 over the weekend in the United States Bankruptcy Court for the District... Read Story
April 16, 2018, 07:31 AM

Athletic retailer The Finish Line, Inc. announced that it has entered into a merger agreement providing for JD Sports Fashion Plc to acquire 100% of the issued and outstanding Finish Line shares at a price of $13.50 per share in cash representing an... Read Story
March 26, 2018, 07:33 AM

The massive liquidation of retail toy giant Toys 'R' Us begins Thursday, with more than 700 locations in the U.S. and Puerto Rico set to shutter by June, according to the company's plans.   The timetable was disclosed Tuesday at a hearing in U.S.... Read Story
March 22, 2018, 08:00 AM

Claire's Stores, Inc. announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company's balance sheet and position Claire's for long-term success pursuant to a chapter 11 reorganization... Read Story
March 19, 2018, 08:00 AM

Southeastern Grocers, the parent company of Winn Dixie, Bi-Lo, Fresco y Más and Harveys Supermarket, has filed a court-supervised, prepackaged restructuring agreement to reduce its debt by more than $500 million. "We have not taken these steps... Read Story
March 16, 2018, 07:09 AM

The Bon-Ton Stores began store closing sales on February 1 at 42 select locations as part of the company’s recently announced store rationalization program and Chapter 11 Bankruptcy filing on February 6, 2018 The in-store sales will take place at Bon... Read Story
February 21, 2018, 07:10 AM

SSG Capital Advisors, LLC acted as the investment banker to BillNat Corporation in the sale of substantially all of its assets to an affiliate of CVS Health Corporation (CVS). The sale was effectuated through a Chapter 11 Section 363 process in the U... Read Story
February 08, 2018, 07:12 AM

Citizens Bank announced that Citizens Commercial Banking has arranged $32 million of credit facilities for Bensalem, PA-based thrift retailer 2nd Ave LLC. Citizens acted as lead arranger and sole senior lender for the financing. The new credit... Read Story
January 31, 2018, 07:14 AM

Despite last year being hectic for the restructuring industry, including being the year of the so-called “retail apocalypse,” look for 2018 to be perhaps even busier, with possible continued distress in retail, increased activity in healthcare... Read Story
January 19, 2018, 07:34 AM

Houlihan Lokey has announced that Nathan Pund has joined the firm as a Managing Director in the Consumer, Food, & Retail (CFR) Group. He is based in Dallas, Texas, and will continue his focus on the active lifestyle, outdoor, and tactical... Read Story
January 09, 2018, 07:32 AM

SSG Capital Advisors, LLC acted as the investment banker to Peekay Boutiques, Inc. in the sale of substantially all of its assets to an affiliate of Peekay's senior secured lenders. The sale was effectuated through a confirmed Chapter 11 Plan in the... Read Story
December 01, 2017, 07:14 AM

A Bankruptcy court in Delaware has cleared Vitamin World to shutter more than 100 stores as it continues to seek a buyer for the remianinder of the company. Store closing sales will begin immediately at select Vitamin World locations – offering... Read Story
November 27, 2017, 07:23 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

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

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

Hilco Merchant Resources (HMR) announced that it has hired Seth Marks in the newly created role of Senior Vice President - Chief Merchandising Officer for Hilco Merchant Resources and as the CEO of Hilco Wholesale Solutions.  Marc Caplan will... Read Story
October 16, 2017, 11:00 AM

Carl Marks Advisors, a corporate restructuring and investment banking firm serving middle market companies and Carl Marks Securities, LLC, the broker-dealer affiliate,  capped off a busy and productive summer with the completion of three complex... Read Story
October 02, 2017, 07:13 AM

An overwhelming majority (95%) of U.S. consumer goods and retail CEOs are confident about the growth outlook for the global economy, the industry and their companies over the next three years, despite potential technological risks, according to a... Read Story
September 27, 2017, 07:59 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

AGI HoldCo, Inc., a multi-channel leading women's footwear brand doing business as Aerosoles, announced that it, along with certain of its subsidiaries have voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the... Read Story
September 18, 2017, 08:00 AM

DDR Corp.,  an owner and manager of 298 value-oriented shopping centers, announced that it has refinanced its two revolving credit facilities, increasing borrowing capacity to $1.0 billion and extending their maturities. The company also extended the... Read Story
September 18, 2017, 07:15 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

Perfumania Holdings, Inc., a U.S. specialty retailer and distributor of designer fragrances and related beauty products, announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its... Read Story
August 28, 2017, 08:43 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

With distress in the brick & mortar sector leading to hundreds of store closures since the start of the year, retail firms operating in the middle market have managed to dodge the worst of the crisis, posting gains in both sales and employment in the... Read Story
July 27, 2017, 07:20 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

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

Ongoing distress in the retail sector claimed another casualty this week, with True Religion Brand Jeans filing for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware. In a court filingthe company stated... Read Story
July 05, 2017, 08:07 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

A bankruptcy court in New York has approved an agreement between BCBG Max Azria Group, LLC for the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited. According... Read Story
June 28, 2017, 07:23 AM

Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in... Read Story
June 23, 2017, 08:00 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

As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from that compiles... Read Story
June 22, 2017, 07:30 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

Alvarez & Marsal (A&M) has announced the addition of Kristin Kohler Burrows, who joins as a Senior Director in its Private Equity Performance Improvement practice in New York.Burrows brings more than 20 years of experience leading athletic and... Read Story
June 21, 2017, 07:21 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

Following a spate of store closures last month, teen specialty retailer rue21, Inc. announced it has filed a voluntary petition for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Western District of... Read Story
May 16, 2017, 07:31 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

2017's first quarter was grim for retailers, as bankruptcy filings continued to escalate, with no sign of decreasing in the foreseeable future, proving the "Amazon Effect" is not a fluke. Energy industry filings are expected to continue in the second... Read Story
May 12, 2017, 07:38 AM

FTI Consulting, Inc. announced the expansion of the firm’s Retail & Consumer Products practice with the addition of three Senior Managing Directors in the United States and Australia. J.D. Wichser, who will be based in Chicago, joins from Alvarez &... Read Story
May 04, 2017, 07:19 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

ABL Advisor Exclusive: Distress in the brick and mortar sector led to a surge in retail bankruptcies in the first three months of 2017, with retailers accounting for 48% more filings than the same period last year. That’s according to a new report... Read Story
April 19, 2017, 08:00 AM

A new study released today by AlixPartners, the global business-advisory firm, posits that the turbulence in the chain-restaurant industry of late—from underperforming results to an uptick in bankruptcies to renewed shareholder pressures—might not be... Read Story
April 13, 2017, 07:11 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

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

Citizens Bank announced that Citizens Commercial Banking is providing a $65 million loan to NED Altoona LLC / New England Development to finance, in part, the construction of a 300,000 square-foot retail outlet center outside Des Moines, Iowa. ... Read Story
February 15, 2017, 07:45 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

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

Siena Lending Group announced the completion of a $10 million credit facility for Geneva Watch Group, Inc. ("Geneva") to refinance their existing senior debt and to support their working capital needs. Headquartered in New York, NY, Geneva is a... Read Story
January 13, 2017, 07:50 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

Square 1 Bank, a division of Pacific Western Bank, provided a $3.25 million credit facility to new client InContext Solutions, a global leader in cloud-based virtual reality (VR) retail solutions. Proceeds from the facility will provide working... Read Story
November 30, 2016, 07:07 AM

Aaron Peyton has joined SunTrust Robinson Humphrey as a managing director to be head of Consumer & Retail Syndicated & Leveraged Finance based in New York. Peyton has more than 16 years of experience in leveraged finance covering the consumer &... Read Story
November 15, 2016, 07:43 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

The construction, consumer and retail, and healthcare industries were the most active in closing deals valued at $75 million or less in the third quarter of 2016, according to a new survey released by CMF Associates, private equity’s preferred... Read Story
November 08, 2016, 07:41 AM

Retailers could see record web traffic this year, according to Deloitte’s 31st annual holiday survey of consumer spending intentions and trends. Among the findings from the 2016 study:The Internet gallops ahead as the top shopping destination More... Read Story
October 31, 2016, 08:08 AM

GA Europe, a leading retail restructuring specialist and a division of Great American Group (GA), has assumed control of significant assets of the Dutch plus size retailer, MS Mode Nederland B.V., which filed for insolvency on August 11th. GA Europe... Read Story
October 11, 2016, 07:22 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 reports that Golfsmith International Holdings Inc. filed for bankruptcy, hoping to reorganize or attract a buyer who can save the golf-gear retailer as the sport’s popularity fades in North America.According to the Bloomberg report... Read Story
September 15, 2016, 07:05 AM

U.S. middle market companies recorded 7.2 percent average revenue growth in the second quarter of 2016, building upon already strong growth figures from Q1, according to the National Center for the Middle Market (NCMM). Combined with solid jobs gains... Read Story
July 28, 2016, 07:41 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm announced today that it has acquired Blast–Off Brands, the Los Angeles-based licensing and branding company. Blast-Off Brands co-founder, Ramez Toubassy, will join Gordon... Read Story
May 18, 2016, 08:05 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

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

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

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

Hilco Streambank announced that on behalf of certain lenders, it is assisting RadioShack Corporation in soliciting offers to acquire certain assets. The assets include certain U.S and Foreign registered Trademarks, 73 active and pending patent... Read Story
April 24, 2015, 07:26 AM

The Wall Street Journal reported Frederick’s of Hollywood filed for bankruptcy protection Sunday with a $22.5 million offer in hand from Authentic Brands Group, LLC. Stores that weren't liquidated earlier this year shut down suddenly last week as... Read Story
April 20, 2015, 07:29 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

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

An annual retail outlook study ( 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

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

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

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

Brookstone, Inc. announced that it is working toward an agreement with Spencer Spirit Holdings to acquire the company. In order to facilitate the sale, the company, with the support of holders of its outstanding bonds, is contemplating filing a... Read Story
March 28, 2014, 07:09 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

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

After over 25 years in business, Dots, LLC, an Ohio-based women’s fashion discount retailer, is closing its doors.  The company filed for Chapter 11 protection on January 20, 2014.  On February 27th, Gordon Brothers Group, a global advisory... Read Story
February 28, 2014, 07:32 AM

Salus Capital Partners, LLC, announced it has provided a $20 million senior secured credit facility to Worldwise, Inc. The financing will be used to refinance its current lender and for general corporate purposes.Founded in 1990 and acquired by... Read Story
January 23, 2014, 07:29 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

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

Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced their affiliates have entered into a definitive agreement to acquire Neiman Marcus Group LTD Inc. from a group of investors led by TPG and Warburg Pincus for a purchase... Read Story
September 10, 2013, 07:14 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

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

Hudson’s Bay Company and Saks Incorporated announced that they have entered into a definitive merger agreement whereby HBC will acquire Saks for U.S.$16.00 per share in an all-cash transaction valued at approximately U.S.$2.9 billion, including debt.... Read Story
July 29, 2013, 07:36 AM

Importers and manufacturers who sell to America's major retailers are seeing growth in sales for both the summer and back-to-school seasons, according to Capital Business Credit (CBC), a non-bank lender that services the retail... Read Story
July 15, 2013, 07:29 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

The second quarter Phoenix Management “Lending Climate in America” Survey, results show more lenders anticipate spreads to decrease.Fifty-eight percent of respondents (versus sixty-five percent in the previous quarter) anticipate maintaining lending... Read Story
June 27, 2013, 08:08 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

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

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

Salus Capital Partners provided a C$6 million senior secured credit facility to Northern Reflections Ltd. The company is one of Canada’s largest privately-held apparel retailers offering moderately-priced fashions for women. The financing will be... Read Story
February 06, 2013, 07:22 AM

Reuters reports Big M Inc., the owner of the 129 Mandee, Annie Sez and Afaze women's clothing stores filed for bankruptcy after Superstorm Sandy cut into the New Jersey-based company's sales and derailed its turnaround. The company was forced to... Read Story
January 08, 2013, 07:49 AM

Salus Capital Partners provided a $25 million senior secured credit facility to The Mitchell Gold Co., d/b/a Mitchell Gold + Bob Williams, a leading full-line provider of premium branded home and hospitality furnishings, supplying consumers with a... Read Story
December 12, 2012, 07:43 AM

In its capacity as administrative agent, Bank of America Business Capital has extended its asset-based credit facility for the W.C. Bradley Co. W.C. Bradley refinanced a $60 million revolver with the bank and will use the proceeds for general working... Read Story
October 18, 2012, 08:00 AM

Orchard Supply Hardware Stores Corp. closed on a new five-year senior secured credit facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America. The new... Read Story
October 18, 2012, 08:00 AM

Wells Fargo Capital Finance acted as left lead arranger and administrative agent and, together with the other arrangers, underwrote a $1.65 billion senior secured, asset-based revolving credit facility for SUPERVALU INC. The facility refinances a... Read Story
September 06, 2012, 08:00 AM

Salus Capital Partners provided a $21.5 million senior-secured credit facility to a newly created company to purchase certain assets from one of North America’s leading retailer of apparel and accessories. The financing will also be used as working... Read Story
August 06, 2012, 06:00 AM

Wells Fargo Capital Finance arranged and agented a new five-year $200 million senior secured, asset-based revolving credit facility as part of a recapitalization for Barneys New York. The facility will be used for ongoing working capital... Read Story
July 02, 2012, 06:00 AM