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LBC provides $10 mn Loan B for recapitalization of NYDJ
06
Aug '11
LBC Credit Partners, a leading provider of financing solutions to middle market companies, announced they were the sole investor in the term loan B of an $80 million senior credit facility for the recapitalization of NYDJ Apparel, LLC, a global manufacturer and marketer of upscale jeans and portfolio company of Falconhead Capital.

LBC's facility, along with the revolver and term loan A, rebalances NYDJ's capital structure, delivers them enhanced flexibility, and provides a distribution to the company's shareholders. "LBC was a vital partner in ensuring this transaction closed on time," said Zuher Ladak, General Partner with Falconhead. "They responded quickly and worked aggressively to meet our expedited closing schedule."

"We are pleased to support Falconhead and develop this important relationship with NYDJ," added Homyar M. Choksi, Managing Director with LBC. "This is the type of long-term investment that defines our business."

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured, and mezzanine debt; as well as equity co-investments. LBC typically invests $10 million to $50 million per transaction in support of acquisitions, growth strategies, refinancings, recapitalizations, and restructurings in a wide range of industries located throughout North America. LBC has more than $1.4 billion of capital under management with offices in Philadelphia, Chicago and New York.

NYDJ Apparel, LLC is a global apparel designer, manufacturer and marketer of upscale jeans and pants created specifically to fit the fashion-conscious woman typically age 35 and above. The company's products are sold at leading department store retailers including Nordstrom, Bloomingdale's, Macy's, Dillard's, Lord & Taylor, among others. The company also sells to over 1,000 specialty stores nationally and internationally in 19 countries including Canada, Ireland, United Kingdom, and Netherlands.

Falconhead Capital, LLC, with $500 million of assets under management, is a private equity firm established in 1998 to provide investors with significant long-term capital appreciation by investing globally in consumer-focused businesses in the sport, leisure, lifestyle, and media categories. In addition to NYDJ, Falconhead Capital's current portfolio investments include Competitor Group, Inc., Extreme Fitness, Inc., Our365 (f/k/a Growing Family), Escort, Inc., and Premier, Inc.

LBC Credit Partners

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