Wingspire Capital provided a $30 million revolving line of credit to Ashley Stewart to refinance debt and to support future growth.
Ashley Stewart is an omnichannel retailer that sells apparel for plus-size women. Founded in 1991 and based in Secaucus, NJ, Ashley Stewart has 81 retail stores and a growing e-commerce platform that drove sales during the pandemic.
“We enjoyed working with the Ashley Stewart team on this revolving line of credit that was jointly constructed to provide financial flexibility via the unlocking of liquidity from their current assets as well as their intellectual property,” John Rosin, president and chief operating officer of Wingspire Capital, said.
