BMO Harris Bank’s Asset-Based Lending group is serving as administrative agent and sole lender on a senior secured ABL Revolver facility to support Juggernaut Capital Partners’ portfolio company Mitchell & Ness.
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The ABL facility refinanced the company’s existing credit facility and increased the size of the facility.
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Founded in 1904 and based in Philadelphia, Mitchell & Ness Nostalgia Co. offers authentic vintage jerseys and apparel collections for the NBA, MLB, NFL, MLS, and NCAA.
The company was acquired by Juggernaut Capital Partners and Kevin Wulff in June 2016, and sells branded and licensed product through leading national retail chains, retailers in more than 30 countries, direct-to-consumer and through its flagship retail stores in downtown Philadelphia and Los Angeles.
