Cherokee Global Brands replaced its former credit facility with a new $40 million three-year financing agreement with Gordon Brothers Finance and Gordon Brothers.
Cherokee Global Brands, a brand marketing platform that manages a portfolio of fashion and lifestyle brands, amended its senior secured credit facility with Cerberus.
Cherokee Global Brands, a marketing platform that manages a growing portfolio of fashion and lifestyle brands, amended its senior secured credit facility with Cerberus Business Finance to address all matters connected to its forbearance agreement.
Cherokee Global Brands will enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings, a global footwear company. Cerberus Business Finance committed to providing a credit facility to support the acquisition.