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News Stories (73 Results) - Apparel

The Hedaya Capital Group provided a $1 million factoring facility to a footwear company that created a new category in the space with a shoe that sits at the intersection of the driving loafer and the boat shoe. Based in Dallas, the lightweight... Read Story
May 22, 2024, 06:00 AM


Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of refinancing of The Black Tux, Inc., an existing portfolio company of TZP Group and Stripes Group.Founded in 2013, The Black... Read Story
May 14, 2024, 06:00 AM


Eclipse Business Capital provided a $105.8 million senior secured credit facility, consisting of an asset-based revolving line of credit and term loan to a sporting goods manufacturer.  The credit facility is secured by accounts receivable, inventory... Read Story
May 13, 2024, 07:46 AM


Reuters reported apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time and is seeking to shut down its 540 stores and sell its intellectual property. Read the full Reuters news story here. Read Story
May 06, 2024, 07:58 AM


Rocky Brands, a leading designer, manufacturer and marketer of premium quality footwear and apparel, signed a definitive debt refinance agreement with Bank of America, as agent. The new agreement, which amends and restates the Company’s existing... Read Story
April 30, 2024, 07:45 AM


The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed... Read Story
April 23, 2024, 07:45 AM


Mountain Ridge Capital ("MRC") closed a $24 million senior secured credit facility for a  national fashion apparel distributor. The MRC facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality... Read Story
April 16, 2024, 08:03 AM


The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands. Drawing inspiration from travel around the world, the... Read Story
April 15, 2024, 07:19 AM


Shoes For Crews, a global leader and pioneer in slip-resistant footwear, announced that its U.S.-based entities have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to... Read Story
April 02, 2024, 07:30 AM


Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered... Read Story
February 01, 2024, 08:00 AM


The apparel and textile market continues to be an important contributor to the global economy. The fashion industry experienced over “double the levels of economic profit in 2022 than in all the years between 2010 and 2020”, apart from one, McKinsey... Read Story
February 01, 2024, 07:11 AM


eCapital funded a $16 million asset-based loan for a menswear brand apparel company.The New York-based apparel company was seeking a new and reliable financing partner that could offer better pricing, higher advance rates, and a more creative... Read Story
January 12, 2024, 07:39 AM


Lands' End entered into a new $260 million term loan. The loan proceeds were used to refinance the Company’s existing term loan well ahead of its maturity in September 2025. The loan is secured by a first lien on all non-ABL assets and a second lien... Read Story
January 03, 2024, 08:00 AM


First Eagle Alternative Credit , a $21 billion alternative credit platform of First Eagle Investments, agented a term loan to Rachel Zoe Creations, a global fashion and lifestyle brand, in partnership with Gordon Brothers, the global asset experts.... Read Story
December 15, 2023, 08:00 AM


Kizik, a leading footwear company known for its innovative hands-free designs, announced the successful amendment of its credit facility with JPMorgan Chase.The amended credit facility provides Kizik with enhanced financial flexibility and positions... Read Story
December 07, 2023, 07:49 AM


Gordon Brothers facilitated Soft Surroundings’ going concern sale to Coldwater Creek through the U.S. women’s clothing and accessories retailer’s filing of Chapter 11 bankruptcy in September. Coldwater Creek, a U.S. women's apparel, accessories... Read Story
December 06, 2023, 07:49 AM


Mountain Ridge Capital ("MRC") closed a $30 million senior secured credit facility for a Midwest-based designer and manufacturer of footwear/slippers/hosiery. MRC's facility was used to refinance the debt of a competing nonbank lender and will be... Read Story
October 09, 2023, 07:47 AM


A women-owned, Los Angeles-based women’s apparel manufacturing company recently sought funding to meet building demand. They chose Republic Business Credit to support their growth and Republic provided a $1,000,000 traditional factoring facility to... Read Story
August 22, 2023, 07:00 AM


Second Avenue Capital Partners (SACP), a Schottenstein affiliate, closed on a new $12 million revolving credit facility to ThirdLove, a female-founded, women's lifestyle brand that offers elevated essentials including bras, underwear, activewear and... Read Story
August 17, 2023, 08:00 AM


J.Jill  completed the refinancing of its Asset-Based Revolving Credit Facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL Credit Agreement with CIT, a division of First... Read Story
May 12, 2023, 07:58 AM


Siena Lending Group closed a $35 million credit facility for a fourth-generation, family-owned Company based in Milwaukee, Wisconsin. The Company was founded in 1911 and has a long history of designing and selling on-trend and functional footwear and... Read Story
April 26, 2023, 07:45 AM


Rosenthal & Rosenthal completed two recent transactions in the beauty and apparel sectors, totaling $5.5 million. A fast-growing direct-to-consumer beauty and hair care brand based in Ohio was experiencing rising seasonal and holiday demand. To... Read Story
April 20, 2023, 07:35 AM


A designer, manufacturer and wholesaler of missy and junior women’s clothes needed a partner — and fast — to meet the shipping needs of its spring and summer collections. The company turned to Republic Business Credit to stitch together the necessary... Read Story
April 13, 2023, 06:00 AM


White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.“As the apparel sector navigates continued market volatility, we are pleased... Read Story
March 28, 2023, 07:51 AM


As more of the professional workforce returns to the office post-pandemic, the demand for comfortable chic clothing for women is on the rise. Rejoining the office environment means ditching yoga pants and sweatshirts, and replenishing closets with... Read Story
March 15, 2023, 07:06 AM


Rosenthal & Rosenthal announced the completion of three recent transactions in the apparel and outdoor sectors, including a $1 million factoring deal for an outdoor apparel company, a $5 million asset-based loan for a growing apparel brand and a $1.5... Read Story
March 02, 2023, 08:07 AM


CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. CIT worked... Read Story
February 16, 2023, 07:35 AM


Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand.As the primary lender to Alpha 6, Merchant Financial Group tapped Tiger Finance to... Read Story
January 06, 2023, 07:59 AM


Guess?, Inc. expanded its access to capital in North America. The Company has entered into a $150 million senior secured asset-based revolving credit facility with a term of five years. This facility amends and extends its existing $120 million North... Read Story
December 27, 2022, 07:47 AM


Gordon Brothers provided Everlane a $25 million term loan that’s secured by the sustainable apparel, accessories and footwear retailer’s digitally native brand and working capital assets. Everlane will use the loan to support over a decade of... Read Story
November 30, 2022, 07:46 AM


Sound Point Capital Management provided an accounts receivable facility for Centric Brands, a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment... Read Story
October 24, 2022, 07:49 AM


Gordon Brothers, majority owner of Nicole Miller, has partnered with Zaralo LLC to expand the global, eponymous fashion and lifestyle brand. The partnership with the New York-based fashion apparel company Zaralo is an important next step in Nicole... Read Story
September 23, 2022, 07:53 AM


White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $4 million non-recourse factoring facility to a leading menswear company. The borrower company boasts 30 years’ experience in the development, design and production... Read Story
September 15, 2022, 07:55 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel.The fashion... Read Story
August 04, 2022, 07:38 AM


Gordon Brothers acquired the global ORSAY brand, archives, and related trademarks and other intellectual property from Orsay GmbH. The firm has partnered with SCAYLE to continue its growth in addition to maintaining ORSAY’s existing... Read Story
August 03, 2022, 07:50 AM


According to a June 24, 2022 SEC filing, American Eagle Outfitters, Inc. obtained a new five-year $700 million senior secured asset-based revolving credit facility (the “ABL Credit Facility”), pursuant to an amendment and restatement agreement, dated... Read Story
June 28, 2022, 08:00 AM


Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 billion fashion empire and signature lifestyle brand inspired by... Read Story
May 18, 2022, 08:05 AM


Wingspire Capital provided a $30 million revolving line of credit to Ashley Stewart to refinance debt and to support future growth.  Ashley Stewart is an omni-channel retailer that sells apparel for plus-size women. Founded in 1991 and based in... Read Story
May 17, 2022, 08:10 AM


SLR Credit Solutions closed a $20,500,000 senior secured term loan in concert with a $20,000,000, revolving line of credit for Oscar de la Renta, LLC (ODLR). Founded in 1965, ODLR is a designer and retailer of luxury women’s apparel sold through... Read Story
April 07, 2022, 08:00 AM


CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as lead arranger on financing for Kenneth Cole Productions Inc., a renowned men's and women's fashion brand. Headquartered in New York City and founded in... Read Story
April 06, 2022, 08:00 AM


Gildan Activewear signed an amended and restated credit agreement in respect of its existing $1 billion revolving credit facility to incorporate sustainability-linked terms, underscoring Gildan's strong leadership and commitment towards its... Read Story
March 29, 2022, 07:38 AM


Amerisource Business Capital closed and funded a $1,500,000 senior credit facility for a North Carolina-based hosiery manufacturer. The proceeds were used to provide working capital to support the company’s projected growth. Kelly Collins, Regional... Read Story
March 15, 2022, 07:58 AM


Eastern Bank added Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and healthcare apparel.... Read Story
March 14, 2022, 07:45 AM


StreetTrend, one of the fastest-growing footwear and apparel companies in the streetwear fashion sector, announced that Mark Wahlberg has become a strategic investor in the company which includes the P448 sneaker brand, having taken a significant... Read Story
March 09, 2022, 08:00 AM


Rosenthal & Rosenthal completed a recent $3.2 million factoring facility with purchase order financing to support an outdoor and sporting apparel company. The company has been in business for 30 years and experienced explosive growth during the... Read Story
March 07, 2022, 07:32 AM


Rosenthal & Rosenthal compeleted a recent $11.5 million purchase order finance facility to support the production financing requirements of a Florida-based branded apparel company. Rosenthal has known the company’s management team for nearly ten... Read Story
February 10, 2022, 07:51 AM


Gordon Brothers has made a majority investment in Nicole Miller.The global, eponymous fashion and lifestyle brand was founded by Nicole Miller in 1982 and has become one of the premier names in American fashion. In addition to its womenswear... Read Story
February 04, 2022, 08:03 AM


FrontWell Capital Partners closed a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end... Read Story
January 10, 2022, 07:48 AM


Sound Point Capital Management closed on a senior secured term loan financing to a subsidiary of Perry Ellis International. Funding provided by Sound Point will be used to pay down the Company’s existing debt. The Company has been in business for 54... Read Story
January 10, 2022, 07:15 AM


Citizens led a new $125 million asset-based revolving credit facility for Destination XL Group, an omni-channel specialty retailer of big and tall men's apparel. Citizens is sole lead arranger, sole bookrunner and administrative agent. “Our Citizens... Read Story
November 16, 2021, 07:50 AM


Tiger Finance and Encina Business Credit closed on $48.5 million in growth financing to Daytona Apparel Group, a portfolio company of Windsong Global.The revolver/term loan, arranged by Tiger Finance, will strengthen the balance sheet and support the... Read Story
May 14, 2021, 08:00 AM


Second Avenue Capital Partners closed on a $30,000,000 senior secured term loan to UNTUCKit, one of the fastest-growing retail apparel brands in North America. The term loan will be used to restructure existing debt and provide the Company with the... Read Story
May 06, 2021, 08:04 AM


PNC Bank, National Association, has closed a $140 million senior secured credit facility to support Maryland-based Ames Watson’s acquisition of Lids Sports Group (LSG). PNC Bank served as administrative agent.Founded in 1992, Indianapolis-based LSG... Read Story
February 22, 2019, 08:00 AM


Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error. FULLBEAUTY Brands Holdings Corp. announced... Read Story
February 11, 2019, 07:13 AM


Charlotte Russe Holdings Corporation together with its subsidiaries announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019.... Read Story
February 05, 2019, 07:32 AM


Cherokee Global Brands, a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, announced its amended credit facility. On January 30, 2019, Cherokee entered into a second amendment to its senior secured... Read Story
February 01, 2019, 07:36 AM


Super G provided a seasonal second lien term load to a designer, marketer and manufacturer of specialty dancewear. The company had recently established an inventory based credit facility with Crossroads Financial to fund general working capital... Read Story
January 31, 2019, 07:19 AM


Perry Ellis International, Inc. announced the successful completion of its acquisition by an entity controlled by George Feldenkreis in which Perry Ellis has become a private company through a $437 million transaction. The transaction was financed... Read Story
October 25, 2018, 08:00 AM


Sallyport Commercial Finance delivered a $7,500,000 combined credit facility that includes an Accounts Receivable Line, Inventory Line and Term Loan to a family owned apparel company with over 30 years of experience.  The business breached several... Read Story
September 24, 2018, 07:21 AM


Sallyport Commercial Finance arranged a $3,250,000 combined credit facility offering an Accounts Receivable line, Purchase Order facility and Inventory facility to help an apparel company refinance their existing senior credit facility and provide... Read Story
September 19, 2018, 07:35 AM


PNC Bank, National Association, announced the closing of a $106.5 million senior secured facility for R.G. Barry Corporation. A fund managed by GSO Capital Partners LP participated as an anchor investor for a portion of the unitranche facility. PNC... Read Story
September 18, 2018, 07:15 AM


Christopher & Banks Corporation and its two subsidiaries, Christopher & Banks, Inc. and Christopher & Banks Company entered into a second amendment (the “Second Amendment”) to its existing credit facility ( the “Credit Facility”) with Wells Fargo... Read Story
August 27, 2018, 09:00 AM


Gordon Brothers Finance Company and Gordon Brothers announced that they have closed on a refinancing deal to Cherokee Global Brands. The term loan is secured by the company’s intellectual property, including the Cherokee, Hi-Tec, Magnum, Tony Hawk... Read Story
August 07, 2018, 07:23 AM


Encina Business Credit, LLC (EBC) announced that it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, IL, Heritage is a designer and distributor in the business case, luggage and travel... Read Story
June 06, 2018, 07:07 AM


White Oak Commercial Finance, LLC (WOCF) announced that it has provided a $15 million factoring facility to Mias Fashion, an innovative leader in the full package apparel manufacturing and global sourcing. Since 1999, Mias Fashion has efficiently... Read Story
November 02, 2017, 07:40 AM


Sterling National Bank provided credit facilities totaling $19 million to Alex Apparel Group (Alex Apparel) to complete its acquisition of Sally Lou Fashions Corp. In addition to the acquisition, the facility will be used by the company to provide... Read Story
September 19, 2017, 07:17 AM


AloStar agented and led a multibank, revolving credit facility for Heritage Holdco Inc., a national distributor of wholesale sports apparel based in Hebron, Ohio. Heritage Holdco Inc. is a Schumacher Capital LLC company.“The team at AloStar worked... Read Story
June 06, 2017, 07:23 AM


Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the continued growth of Hanna Andersson by a prestigious private equity sponsor.Founded in 1983 and based in Portland... Read Story
November 15, 2016, 07:33 AM


King Trade Capital announced the recent funding of a $4 million purchase order finance facility for a California-based high-end men’s apparel designer and manufacturer.  KTC was contacted by the special situations group of a national asset-based... Read Story
September 15, 2014, 07:12 AM


Capital Business Credit (CBC) announced today that it is providing Ropa Siete Leguas (Ropa) with a $15 million revolving factoring facility.CMT de la laguna, S.A., parent company of Ropa, is the largest jean manufacturer in Mexico, with offices in... Read Story
October 24, 2013, 07:38 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


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


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