LBC Agents $127.5MM Credit Facility for NYDJ Apparel
LBC Credit Partners, a provider of financing solutions to middle-market companies, announced that it was a joint lead arranger, bookrunner and the documentation agent for a $127.5 million senior secured credit facility to support the recapitalization of NYDJ Apparel, a Falconhead Capital portfolio company. NYDJ Apparel is a jeans company based in Los Angeles, CA.
“We are delighted that based on our previous relationship with Falconhead, they chose us to execute this important recapitalization in a tight timeframe. We’re committed to supporting NYDJ as they realize new levels of growth under Falconhead’s stewardship,” said Homyar M. Choksi, managing director with LBC. “We are very appreciative of the team relationship we have developed with Falconhead Capital.”
“LBC’s continued support and much larger role in this recapitalization signals their ongoing confidence in this deal, and provides NYDJ with the flexibility they need to pursue their long-term strategic growth initiatives,” said David S. Moross, chairman and chief executive officer of Falconhead Capital. “Timeliness and certainty of execution were very critical to us and LBC worked hard and delivered on everything they said they would, making them a valued business partner.”
Falconhead Capital, LLC, with $500 million of assets under management, is a private investment firm that provides investors with long-term capital appreciation by investing globally in consumer-focused businesses.