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MidCap Provides Credit Facility & Preferred Equity Co-Investment to Janie and Jack

April 29, 2021, 08:09 AM
Filed Under: Retail

MidCap Financial provided a $22 million senior secured credit facility, comprising a $17 million asset-based revolving line of credit, $5 million term loan and $500,000 preferred equity co-invest to Janie and Jack LLC.

Proceeds from the MidCap credit facility and preferred equity co-invest were used to effectuate Go Global Retail’s acquisition of Janie and Jack from The Gap, Inc.

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