$17.5 million Senior Term Loan
Founded in 2000 with a collection of tailored clothing and sportswear, the Company now represents an entire men’s lifestyle brand that includes footwear, leather accessories, eyewear, men’s fragrances and jewelry under the John Varvatos Collection, John Varvatos Star U.S.A and Bootleg by John Varvatos collections. The collections are distributed on line at www.johnvarvatos.com, in freestanding John Varvatos boutiques and better department stores throughout the world.
The Company was seeking a refinancing solution to replace an existing facility.
Crystal provided a $17.5MM Term Loan secured by the brand and all of the Company’s non-working capital assets