Second Avenue Capital Partners closed a $67.5 million term loan for The Jessica Simpson Collection, which will use the new financing to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.
Tiger Capital Group, Tiger Finance, SB360 Capital Group and Second Avenue Capital Partners provided a $25 million asset-based revolving credit facility to francesca’s in the company’s recent asset sale. The bankruptcy estates will be wound down through a liquidating plan.
SB360 Capital Partners has again been selected as the exclusive consultant to conduct Fred’s store closing sales in 49 additional stores.
SB360 Capital Partners has been retained as the exclusive consultant to conduct “store closing” sales and other clearance events for Memphis-based Fred’s.
SB360 launched Second Avenue Capital Partners as a lending platform specializing in asset-based loans for the broader retail and consumer product industry.