Lucky Brand Dungarees, LLC, a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced the completion of a new refinancing transaction.

As a result of the refinancing, Lucky Brand upsized its existing first lien term loan via existing lenders Wells Fargo Capital Finance and Gordon Brothers Finance Company, and refinanced its former second lien credit facility via a new second lien term loan provided by a joint venture backed by Lantern Capital Partners (“Lantern”) and Restore Capital, LLC (“ReStore”). In connection with the second lien term loan capital raise, the Lantern and ReStore joint venture also acquired a minority equity stake in Lucky Brand.

“Completing the refinancing marks a significant step forward for the Company and our customers, vendors and other stakeholders,” stated Nigel Kershaw, Chief Financial Officer. “We would like to thank Wells Fargo Capital Finance and Gordon Brothers Finance Company for creating financial solutions that support our future business needs. We would also like to thank Lantern and ReStore for their confidence and we are excited to welcome them as strategic partners.”

Houlihan Lokey acted as the financial advisor to the Company, while Latham & Watkins acted as the legal counsel to the Company.