SACP Provides Capital Solutions That Offer Maximum Liquidity and Flexibility
Our model for asset based lending follows a passion for helping companies overcome challenges. We take a client-centric, non-traditional approach to lending.
Second Avenue Capital Partners (SACP) is a Schottenstein affiliate, one of the most respected names in retail and consumer businesses. Our affiliation gives us an intimate understanding of the many challenges businesses face. We leverage the experience of retail operators and product merchants to provide an array of customized capital solutions.
Many companies have turned to Second Avenue Capital Partners as a vital resource for the capital necessary to recover, effectuate strategy, and achieve financial objectives. Our tailored financing solutions provide greater flexibility and liquidity than other capital providers.
SACP Recognized in ABF Journal’s 2023 Deals of the Year Issue for the Credit Facility Provided to True Religion Apparel, Inc.
The following is an excerpt from the ABF Journal Q4 2023 Deals of the Year issue, Vol 21, No 4
Serving in multiple roles for the transaction — including sole arranger, revolver agent, sole revolver lender and term loan lender — Second Avenue Capital Partners (SACP) was joined by TCW Private Credit and Sagard Credit in providing a credit facility for True Religion Apparel, Inc. The facility has a revolver agented by SACP and a term loan agented by TCW, with SACP as the first out lender in the term loan and TCW and Sagard as the last out lenders.
“As the sole arranger for the facility, SACP worked with a few close partners who we felt would be a good fit for the deal,” Michael Russell, managing director of SACP, says. “Overall, it was a very smooth process, as there was great alignment between the lenders and the management team.”
“This transaction reflects a genuine partnership between our team and the lending group,” Michael Buckley, CEO of True Religion, says. “SACP was able to structure a creative financing solution to meet our needs and support our business objectives to propel True Religion’s growth.”
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