Second Avenue Capital Partners and Tiger Finance closed an $80 million credit facility for Casper Sleep, an omnichannel retailer of sleep products, including mattresses, pillows and other sleep accessories.
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 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.
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.
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.