Insights

Choate Represents Second Avenue Capital Partners in $120M Line of Credit to The Aaron’s Company

Choate represented Schottenstein affiliate Second Avenue Capital Partners (SACP), a provider of customized solutions for the retail and consumer product sectors, in a $120M senior secured revolving line of credit for The Aaron’s Company, Inc., an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.

Choate Represents Second Avenue Capital Partners in $112M Senior Secured Revolving Credit Facility and Term Loan to Backcountry

Choate represented Schottenstein affiliate Second Avenue Capital Partners in a $112M Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading premium specialty retailer of outdoor gear and apparel. 

Choate Elevates Five to Principal in 2023

Five Choate attorneys – Peter Flynn, Melissa Gaied, Zach Rosen, Kevin Sarro, and Jennie Wilusz – have been elected as principals, effective May 1, 2023.

Pathlight Capital Provides $35M Term Loan to Vince, LLC

Choate represented Pathlight Capital as agent in a $35M term loan to Vince, LLC, a leading global luxury apparel and accessories brand.

Citizens Bank Makes $150 Million Loan to Steve Madden

Choate represented Citizens Bank, N.A., as Agent, in connection with a $150,000,000 senior secured loan to Steven Madden and various of its subsidiaries.

Choate Represents Wells Fargo in Connection with Chapter 11 Proceeding of Brooks Brothers Group

Choate represents Wells Fargo Bank, N.A. as administrative and collateral agent in connection with the $315 million asset-based credit facility to Brooks Brothers Group, Inc. and various of its affiliates.

Pathlight Capital Completes $97.5 Million Senior Secured Asset-Based Credit Facility to Black Box Corporation and its Affiliates

Choate represented Pathlight Capital in a $97.5 million senior secured asset-based credit facility with Encina Business Credit, LLC to Black Box Corporation and certain of its U.S., UK and Dutch affiliates.

Second Avenue Capital Provides Emergence Financing to A’GACI

Choate represented Second Avenue Capital as it provided a revolving line of credit to A’GACI, a women’s lifestyle brand and fast fashion retailer that operates over 70 stores in the U.S. and Puerto Rico.

Gordon Brothers Finance Company and Gordon Brothers Complete $40 Million Term Loan to Cherokee Global Brands

Choate represented Gordon Brothers Finance Company in a $40 million refinancing deal to Cherokee Global Brands.