First Eagle Alternative Credit, the alternative credit platform of First Eagle Investments, provided a $20 million term loan to Nicole Miller, a global fashion and lifestyle brand.
Jessica Simpson and her business partner/mother, Tina Simpson, repurchased and now fully own the Jessica Simpson Collection. Jessica Simpson and Tina Simpson self-financed the purchase, with First Eagle Alternative Credit and WhiteHawk Capital providing additional funds.
BHI and First Eagle Alternative Credit refinanced Xcel Brands’ existing credit facility with a $25 million term loan as well as an additional $25 million for acquisitions. First Eagle Alternative Credit also provided an additional $50 million acquisition facility.
First Eagle Alternative Credit added asset-based lending solutions to its direct lending platform and appointed industry veterans Larry Klaff and Lisa Galeota to lead the initiative. Klaff and Galeota joined First Eagle from Gordon Brothers Finance Company.