Private equity firm Versa Capital Management announced that its portfolio company AVENUE Stores has finalized a new capital structure to support its continued growth and provide additional interim returns to its equity holders.

Versa said the financing was provided by affiliates of JPMorgan Chase and Goldman Sachs and includes a $90 million term loan and revolving credit facility that provided a substantial dividend to equity holders while leaving the previously debt-free company with only a modest leverage level and ample liquidity to support AVENUE’s continued growth and expansion.

AVENUE is a specialty retailer with more than 280 U.S. stores and expanding omni-channel capabilities dedicated to serving the fashion needs of today’s plus-size women.

Following the successful recapitalization, Versa, along with management, continues to own 100% of the company’s equity interests.

“We are pleased to have finalized this transaction, as it underscores the significant progress AVENUE has made since its acquisition just over two years ago.”