Carl Marks Securities Advises Joe’s Jeans on Transactions

Carl Marks securities acted as investment banker and chief restructuring advisor to denim retailer Joe’s Jeans in the completion of the merger of the Hudson jeans brand and the Robert Graham fashion brand.

Carl Marks Securities Advises Joe’s Jeans

Carl Marks Securities acted as investment banker and chief restructuring advisor to denim retailer Joe’s Jeans on two transactions, involving the sale of the Joe’s brand and substantially all of its operating assets.

Joe’s Jeans Completes Sale of Brand, Retires Term Loan

Joe’s Jeans completed a sale of certain operating and intellectual property assets related to the Joe’s brand for $80 million. Proceeds were used to repay its term loan with Garrison Loan Agency Service.

Joe’s Jeans to Sell Assets, Rebrand & Retire CIT Revolver

Joe’s Jeans will sell Joe’s brand and operating assets for $80 million to two separate buyers. The company also will retire its outstanding indebtedness to CIT upon completion of a merger with RG Parent.

CIT, Garrison Arrange $110MM Financing for Joe’s Jeans Acquisition

CIT Capital Markets served as lead arranger in a $110 million financing for Joe’s Jeans to finance the acquisition of Hudson Clothing Holdings.

Victory Park Capital Provides $12.5MM to Joe’s Jeans

Victory Park Capital funded $12.5 million of a $60 million first lien term loan to Joe’s Jeans. Joe’s also closed on a $50 million revolving credit facility.