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.
Second Avenue Capital Partners provided $6.5 million in debtor-in-possession financing to Solstice Sunglasses, a sunglasses retailer in the United States. The DIP facility will deliver supportive capital to Solstice as the retailer commences a restructuring.
Eric Luukko joined Second Avenue Capital Partners as a managing director. Luukko previously served as a managing director with Clear Thinking Group and in vice president roles at Rockland Trust, Webster Bank and Gordon Brothers Finance.
Second Avenue Capital Partners and CIT Northbridge Credit closed a $60 million senior secured credit facility for Stock+Field, a farm, home and outdoor retailer.
Second Avenue Capital Partners closed on a $17 million senior secured credit facility to Crown & Caliber, an online marketplace for authenticated preowned watches.
Second Avenue Capital Partners closed a $20 million asset based credit facility for Fallas Stores, a new entity formed in the wake of National Stores’ bankruptcy.
Second Avenue Capital Partners provided a $12 million revolving line of credit to A’GACI to be used as exit financing as the company emerges from Chapter 11.
SB360 launched Second Avenue Capital Partners as a lending platform specializing in asset-based loans for the broader retail and consumer product industry.