SELECTED INVESTMENTS

Representative Transaction: Lucky Brand Dungarees

ReStore Capital, in partnership with Lantern Capital Partners (“LCP”) and Leonard Green and Partners (“LGP”) helped to facilitate a complete refinancing for Lucky Brand Dungarees, LLC (“Lucky Brand” or “Lucky") in conjunction with Lucky’s legacy ABL lenders.

Transaction Highlights:

  • Wells Fargo Capital Finance extended and refinanced its ABL facility.

  • Wells Fargo Capital Finance and Gordon Brothers Finance Company upsized and extended their existing first lien term loan.

  • ReStore Capital and LCP refinanced and completed a new, second lien term loan facility in conjunction with LGP.

  • In connection with the second lien term loan, ReStore Capital and LCP acquired a minority equity stake in Lucky Brand.

Context:

  • ReStore Capital believed in Lucky both as a brand and as a business.

  • Although projections and the company’s plan were encouraging, Lucky required new capital and debt refinancing to complete its turnaround and grow its business.

  • Working diligently with LCP and LGP, the existing ABL lenders, and Lucky’s management, ReStore was able to structure a loan that worked for all stakeholders involved.

  • Lucky is now poised for the next chapter of its business.