Schottenstein affiliate Second Avenue Capital Partners (SACP), a provider of customized financing solutions for retail and consumer product sectors, closed a $15 million senior secured revolving credit facility for Dover Saddlery, an equestrian products and apparel company.
The new credit facility will support Dover Saddlery’s strategic growth initiatives, strengthen its ability to optimize inventory management and underwrite improved operational efficiencies. This financing partnership reflects SACP’s commitment to empowering businesses with the financial flexibility they need to thrive in a competitive marketplace.
“We are thrilled to partner with Dover Saddlery, a well-respected leader in the equestrian industry,” Marc S. Price, executive vice president, corporate development of SB360 and Second Avenue Capital Partners, said. “This facility underscores our dedication to supporting dynamic companies with tailored financial solutions. We are confident that this capital will enable Dover Saddlery to continue its tradition of excellence and innovation.”
“This new credit facility is a testament to the strength of our business and the trust that Second Avenue Capital Partners has placed in us,” Dana Springfield, president of Dover Saddlery, said. “With this financing and support, we are well-positioned to execute our growth strategies, invest in our product offerings and better serve our customers. We are grateful for SACP’s partnership and look forward to a successful collaboration.”
