TORONTO – (BUSINESS WIRE) – January 10, 2022–
FrontWell Capital Partners Inc. (âFrontWellâ) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a New York-based high-end luxury women’s fashion brand. The company is known for designing dresses for celebrities and collaborating with other high-end brands. The facility, which consists of a revolving credit facility and a term loan, will be used to help stimulate the growth of the Company and is secured by working capital, intellectual property and brand value.
âWe are delighted to support Jason Wu and his team,â said Patrick Dalton, CEO of FrontWell. âThis senior secured credit facility is an example of FrontWell’s ability to see the value of a brand with strong brand awareness like Jason Wu and partner with the company to structure a creative and bespoke solution. “
âWe are very excited to partner with Frontwell Capital Partners to lay a solid foundation for the next phase of Jason Wu brand growth and development,â said Lynn Yu, CEO of Jason Wu. âWe look forward to charting our future path in unison. “
About FrontWell Capital Partners
Headquartered in Toronto, FrontWell Capital Partners provides senior transitional debt financing to mid-market companies in the United States and Canada. With committed seed capital of over US $ 350 million, FrontWell offers financing solutions, including Loans on Assets (ABLs) and Cash Lending, to maximize liquidity support for borrowers looking to -beyond traditional sources of capital. FrontWell’s rigorous approach to origination, underwriting and risk management generates current income while emphasizing the preservation of capital rather than the search for yield. FrontWell partners with companies across multiple industries that demonstrate balance sheet capacity and need cash flow to support a transition in their business, including turnarounds, restructurings, acquisitions and changes in ownership or control. For more information, please visit frontwellcapital.com.
About Jason Wu
Jason Wu is a successful New York-based fashion designer. The Jason Wu brand is synonymous with American luxury with a sense of sophistication, glamor and refinement. Jason’s meticulous design approach and impeccable attention to detail are applied to everything he creates and has established himself as one of the most talented fashion designers of this generation in just over a decade. Since launching his namesake company in 2007, Jason currently offers a signature Jason Wu collection as well as the contemporary Jason Wu line dedicated to tailoring beautifully crafted garments from the inside out with an emphasis on modern luxury. and effortless elegance. Jason has received numerous awards including the Swarovski Award for Womenswear in 2010, The Fashion Group International Fashion Star Award in 2015 and the Canadian International Designer of the Year 2016.
See the source version on businesswire.com: https://www.businesswire.com/news/home/2022010005056/en/
CONTACT: For FrontWell:
Sard Verbinnen & Co.
Brandon Messina / Hayley Cook / Kevin Siegel
[email protected] For Jason Wu:
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES
SOURCE: FrontWell Capital Partners Inc.
Copyright Business Wire 2022.
PUB: 10/01/2022 07: 00 / DISC: 10/01/2022 07:02
Copyright Business Wire 2022.