Home / Knowledge / News / Apparel/Garments / Apparel marketer Levy Group secures $90mn credit facility
Apparel marketer Levy Group secures $90mn credit facility
19
Aug '14
Headquartered in New York and currently managed by the third generation Levy family, The Levy Group Inc. a manufacturer and distributor of men’s and women’s apparel has secured a $90 million senior secured credit facility.

CIT Commercial Services, a leading provider of commercial lending and leasing services arranged and syndicated the $90 million senior secured credit facility to The Levy Group.

In the deal, CIT Commercial Services served as sole lead arranger, book runner and syndication agent for the transaction. CIT Commercial Services will also serve as administrative agent, collateral agent, documentation agent and a lender in the facility.

“We have a strong relationship and have worked closely with The Levy Group for the past 20 years. This transaction is representative of our knowledge and expertise in the retail and apparel sectors and our unmatched client service in the industry”, said Jon Lucas, President of CIT Commercial Services.

“We are proud to support Levy Group through this financing, which will help the company continue to grow and diversify its business,” he added.

Donald Levy, President of Levy Group said, “Our relationship with CIT over the last two decades has been instrumental to the success of our company. CIT understands our business, is a leader in our industry and is a trusted resource.”

For over 65 years, The Levy Group and its affiliates, have been designing, manufacturing, importing and distributing men’s and women’s outerwear, dresses, suits and active sportswear to major retailers throughout the United States and abroad.

The company sells its merchandise under licensed brands, private label, as well as its own proprietary labels. The company’s proprietary labels include Dawn Levy, Moose Knuckles, Halifax and Braetan.

The company has licensing agreements with major brands including Nautica, Perry Ellis, Laundry, Buffalo, Betsey Johnson and Vera Wang.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search