Daily News: April 4, 2018

US Capital Partners Provides $200MM L/C to Jeweler


US Capital Partners provided a $150 million revolving line of credit, scalable to $200 million, to a specialty jewelry company in the U.S. The company operates retail stores in shopping malls, strip centers and power centers throughout the country and has a retail presence online.

“We are pleased to have advised on and put in place this $200 million growth financing program,” said Jeffrey Sweeney, chairman and CEO at US Capital Partners. “The company approached US Capital Partners seeking to refinance existing bank debt and to expand its business through strategic store openings. We appreciated supporting this jewelry company by structuring and providing scalable, expansive growth financing.”

Headquartered in San Francisco, US Capital Partners is a full-service private financial group with experience in e-commerce and retail finance.