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.
RCS Real Estate Advisors helped facilitate the agreement reached between Premium Brands and Lane Bryant and Simon Property Group to keep all Ann Taylor, LOFT and Lane Bryant stores located at Simon properties open.
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.
Jacen Dinoff of KCP Advisory Group is serving as chief restructuring officer to Solstice Marketing Concepts in the company’s recent Chapter 11 filing.
As part of the Hastings Entertainment Chapter 11 liquidation, RCS Real Estate Advisors is accepting bids for about 120 leases of the company’s stores.
RCS Real Estate Advisors concluded a successful auction generating close to $2.0 million for the estate of Anna’s Linens by selling leases and sub-letting property to temporary users as Halloween stores.