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Vestis Retail Files Chapter 11, WFCF Provides $125MM DIP

Vestis Retail Group initiated reorganization proceedings under Chapter 11, securing up to $125 million in DIP financing from its existing lender, Wells Fargo Capital Finance.

Wells Fargo Finances Vestis Acquisition

Wells Fargo Capital Finance acted as joint lead arranger on a $180 million senior secured credit facility for Vestis Retail Group to acquire Sport Chalet.

August 21, 2014 Sport Chalet | Versa Capital Management | Vestis Retail Group | Wells Fargo Capital Finance Marielle Mondon

Versa Capital’s Vestis Retail Group to Acquire Sport Chalet

Vestis Retail Group, which is owned by funds advised by Versa Capital Management and comprises Bob’s Stores and Eastern Mountain Sports, announced it has signed a definitive agreement to acquire Sport Chalet.

July 3, 2014 Versa Capital Management | Vestis Retail Group Marielle Mondon

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Tag Archives: Vestis Retail Group

Vestis Retail Files Chapter 11, WFCF Provides $125MM DIP

Wells Fargo Finances Vestis Acquisition

Versa Capital’s Vestis Retail Group to Acquire Sport Chalet