Canadian private debt firm FrontWell Capital Partners has provided a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand based in New York. No financial terms were disclosed. The facility’s proceeds will support Jason Wu’s next phase of growth.
PRESS RELEASE
10 January 2022
FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end brands. The facility, comprising of a revolving loan facility and a term loan, will be used to help drive the Company’s growth and is secured by working capital, intellectual property and brand value.
“We are thrilled to support Jason Wu and his team,” said Patrick Dalton, Chief Executive Officer of FrontWell. “This senior secured credit facility is an example of FrontWell’s ability to see value in a brand with strong name recognition like Jason Wu and partner with the company to structure a creative, tailored solution.”
“We are very pleased to form a partnership with Frontwell Capital Partners to build a solid foundation for the next phase of growth and development of the Jason Wu brand,” said Lynn Yu, Chief Executive Officer of Jason Wu. “We look forward to paving our future path in unison.”
ABOUT FRONTWELL CAPITAL PARTNERS
Headquartered in Toronto, FrontWell Capital Partners provides transitionary senior debt financing to middle-market companies in the United States and Canada. With committed seed capital of more than USD $350 million, FrontWell offers financing solutions, including asset-based (ABL) and cash flow loans, to maximize liquidity support for borrowers that are looking beyond traditional sources of capital. FrontWell’s rigorous approach to origination, underwriting and risk management generates current income while prioritizing the preservation of principal over the chase for yield. FrontWell partners with companies across several industries that display balance sheet capacity and that require liquidity to support a transition in their business, including turnarounds, restructurings, acquisitions and changes in ownership or control. For more information, please visit frontwellcapital.com.
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