SSG Capital Advisors served as the investment banker to Pegasus Home Fashions and its affiliated entities in the private placement of a $25 million revolving credit facility with Ares Management. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth. The transaction closed in July 2024.
SSG was retained to help refinance the company’s existing debt and secure additional capital to fund future business plans. SSG leveraged its broad network of capital providers to solicit interest from a targeted list of traditional and alternative lenders. After receiving numerous competitive term sheets, Ares Management was determined to be the best capital partner for Pegasus. SSG’s solution maximized debt capacity and provided the availability necessary to finance the company’s strategic growth initiatives.
Other professionals who worked on the transaction include:
- Adam C. Harris, Gregory D. Ruback and Isaac G. Inkeles of Schulte Roth & Zabel, counsel to Pegasus Home Fashions
- Jason I. Miller, Michael Barocas, Matthew T. Callahan and Nathaniel J. Norman of Otterbourg, counsel to Ares Management
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