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TD Bank’s ABL Group is Joint Lead Arranger in Brooks Brothers $250MM Facility

January 06, 2015, 07:34 AM
Filed Under: Retail

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, Brooks Brothers is the country’s oldest clothing retailer and one of the premier luxury retailers in today’s market. The company specializes in high-end menswear, womenswear, children’s apparel and home decor. Brooks Brothers is headquartered in New York City with retail stores nationwide and in select global markets.
Jeffery Wacker, head of ABL New Business Development at TD Bank, commented, “The retail sector is a core focus of our ABL business at TD Bank, and we believe this financing is indicative of the creativity and industry experience of our team. We look forward to working with Brooks Brothers as their financial partner.”
"Brooks Brothers is thrilled to have TD Bank as a lead agent in our new credit facility," said Steven Goldaper, CFO, Brooks Brothers. "The retail finance team at TD Bank truly understands retail and more importantly, our business, allowing for the seamless closing of our new revolver credit facility."
TD Bank's ABL group provides senior secured financing to non-investment grade companies. TD supports customers' growth by offering flexible, cost-effective financing solutions and by bringing added value as a creative, strategic partner.
Stephen Metivier, head of ABL Retail Finance at TD Bank, commented, “Brooks Brothers is an American icon and a leader in the luxury retail industry. Our team is committed to working with retailers in order to provide financing to support their continued growth and success.”
TD Bank, America's Most Convenient Bank, is one of the ten largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida.

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