Second Avenue Capital Partners closed a $17.5 million senior secured credit facility for Alex and Ani. The credit facility will support ongoing working capital needs and allow the company to further develop business operations following a corporate restructuring.
Michael P. Russell joined Second Avenue Capital Partners as a managing director. Based in the firm’s Boston office, Russell will be responsible for origination, underwriting and account/relationship management.
Second Avenue Capital Partners provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian.
Second Avenue Capital Partners closed on a $10 million senior secured credit facility (which includes an accordion feature) for myGemma, a modern and professional alternative for consumers wanting to buy or sell high-end luxury goods.
Solstice Sunglasses, a sunglasses retailer in the United States, emerged from Chapter 11 bankruptcy with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners. Solstice Sunglasses filed for bankruptcy relief in February.
Northleaf Capital Partners appointed Chris O’Connor managing director of business development for Australia and New Zealand. O’Connor will lead business development and investor relations activities and further develop relationships with institutional investors, consultants and advisors in the region.
Second Avenue Capital Partners closed on a $10 million senior secured credit facility for the maternity apparel sister brands Motherhood Maternity and A Pea in the Pod within the Marquee Brands portfolio.
Second Avenue Capital Partners closed on a $30 million senior secured term loan for UNTUCKit, a retail apparel brand. UNTUCKit will use the term loan to restructure existing debt and provide the company with the financial latitude to continue its pre-COVID-19 pandemic growth trajectory.
Second Avenue Capital Partners, a Schottenstein Affiliate specializing in asset-based loans for the broader retail and consumer products industry, closed on a $10 million senior secured credit facility to Northern Reflections Limited, a privately-held retailer of women’s apparel based in Canada.
Second Avenue Capital Partners closed on a senior secured credit facility for Cos Bar, a luxury specialty cosmetics retailer. The credit facility will be used to support new growth opportunities and provide additional working capital.