Second Avenue Capital Partners provided a $12.5 million senior secured credit facility to Carlisle Etcetera, a direct-to-consumer women’s luxury apparel brand.
The facility is comprised of a revolver and a term loan.
Founded in 1981, Carlisle Etcetera markets labels such as the Carlisle Collection, Carlisle New York, Per Se by Carlisle, Etcetera, ETC, and E3. The company sells apparel through a nationwide network of professional stylists. The company is owned by Hong Kong-based Royal Spirit Group, an apparel supplier that serves luxury and lifestyle apparel brands around the world.
“In Second Avenue Capital we found a lender who took the time to get to know us and really understands the needs of our business,” said David Rosenberg, CEO of Carlisle Etcetera. “Our stylist driven selling model is an important differentiator for our business. We needed a lender that could understand this model and lend aggressively on the inventory in this channel as well as our brick and mortar locations.”
