FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wingspire Capital Closes $30MM Secured Loan for Furnishings Retailer Arhaus

July 21, 2020, 09:05 AM
Filed Under:

Wingspire Capital Holdings announced the completion of a $30 million senior secured loan to home furnishings retailer Arhaus, LLC to support the company’s daily operations and continued growth.

Wingspire Capital leadership was already familiar with Arhaus and its executive team, and welcomed the opportunity to support a growing and innovative retailer that has been redefining the home furnishing space for more than three decades.

“We admire Arhaus’s senior leadership team and associates who proactively reached out directly to prospective and current customers to facilitate purchasing decisions, offered private in-store showings where allowed, promoted online shopping and focused on digital marketing during the government-mandated pandemic closures,” said John Rosin, President and COO of Wingspire Capital.

Arhaus is using the new senior secured loan to replace a previous debt instrument and fund day-to-day financial needs.

“Working with a financial partner that takes the time to truly learn and understand our business and our capital needs is an asset for our entire enterprise,” said John Reed, Founder & Chief Executive Officer of Arhaus. “Having a supportive capital partner during this stage of growth and innovation creates enormous value for our employees and our customers.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.