The ABF Journal selected a deal led by Private Credit associate Michael Howald as one of its deals of the year for 2022.
Second Avenue Capital Partners (SACP) announced in May that it closed a $67.5 million term loan for The Jessica Simpson Collection, a $1 billion fashion empire and lifestyle brand. Michael represented The Jessica Simpson Collection in the negotiation of the new credit facility.
In featuring the deal, the ABF Journal quoted representatives from SACP and Jessica Simpson saying the deal as "very well organized and efficient" and "painless." The publication also noted how quickly the deal come together, with financing completed within six months and a month from the date the term sheet was signed until the transaction closed.
"Second Avenue Capital Partners Closes $67.5MM Term Loan with The Jessica Simpson Collection," ABF Journal, December 16, 2022