Sequential Brands Group entered into an amended credit agreement with its existing lenders, led by Bank of America and certain funds managed by FS/KKR Advisor.
Joe’s Jeans completed a sale of certain operating and intellectual property assets related to the Joe’s brand for $80 million. Proceeds were used to repay its term loan with Garrison Loan Agency Service.
Sequential Brands said it acquired the intellectual property management company that owns two consumer lifestyle brands in a cash and stock deal. Bank of America was said to have led a $45 million financing effort for the company.