SG Credit Partners, through its consumer products division, provided a $20 million asset-based credit facility to Ring Concierge, a luxury jewelry retailer founded by Nicole Wegman. The revolving credit facility refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives.
“Partnering with innovative, founder-led companies is core to our mission at SG,” Charlie Perer, head of originations at SG Credit, said. “The company offers an immersive and tactile shopping experience fueled by its strategic use of social media that resonates well with the preferences of Millennials and Gen Z consumers, who crave memorable shopping experiences. We are excited to support their next phase of growth with a flexible financing solution.”
Wegman added, “We’re excited to partner with SG Credit Partners. This facility provides the liquidity and flexibility to invest ahead of demand — expanding our core collections, deepening inventory of bestsellers and further elevating the client experience — as we enter our next stage of growth.”
