MidCap Financial provided a $22 million senior secured credit facility to Janie and Jack. The facility consists of a $17 million asset-based revolving line of credit, a $5 million term loan and a $500,000 preferred equity co-investment. Proceeds from the credit facility and preferred equity co-investment were used to effectuate Go Global Retail’s acquisition of Janie and Jack from The Gap.
Founded in 2016, Go Global Retail is a brand investment platform for global investors in the consumer sector.
