Finance – Page 2 – Tiger Group

Tiger Finance Provides $17 Million Credit Facility to Industrial Real Estate Firm

Tiger Finance Provides $17 Million Credit Facility to Industrial Real Estate Firm
Capital infusion will enable company to acquire and redevelop site on East Coast

NEW YORK (12/14/21) –Tiger Finance has closed on $17 million in growth financing for an East Coast industrial real estate investment and development firm.

Over the past five years, the company has acquired more than $400 million in Class A to C industrial […]

By Delphine Thierry

Corporate / Finance / Industrial / News

Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes

Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes
Tiger Finance has closed on a $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, N.J.-based Aluminum Shapes LLC, a fully integrated manufacturer and distributor of aluminum products serving multiple industries.

Aluminum Shapes LLC, which operates a 500,000-square-foot facility in Pennsauken, filed for Chapter 11 bankruptcy protection on August 15th in the U.S. Bankruptcy Court […]

By Delphine Thierry

Retail Leader

Finance / News / Retail

Francesca’s CEO Shares Brand’s Post-Pandemic Turnaround

Francesca’s CEO Shares Brand’s Post-Pandemic Turnaround
The COVID-19 pandemic forced retailers to survive amid a wave of challenges, including losing their physical footprints for an extended period. And that meant companies either innovated and pivoted or faced even bigger troubles.
By Amy Baxter

For those retailers who were already facing struggles, such as clothing company Francesca’s—which reported two years of losses prior to the pandemic—2020 represented a huge […]

By David Flood

Read more about the article Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group

Finance / News

Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group

Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group
Capital infusion will support accelerated growth of Daytona’s platform of owned, licensed and private label offerings, as well as its expansion into adjacent product categories and direct-to-consumer platforms.
NEW YORK, May 13, 2021 /PRNewswire/ — Tiger Finance and Encina Business Credit have closed on $48.5 million in growth financing to Daytona […]

By David Flood

Finance / News

Andrew Cerussi Joins Tiger Financial as Managing Director

Andrew Cerussi Joins Tiger Financial as Managing Director
Andrew (Andy) Cerussi has joined Tiger Financial, LLC as a Managing Director. Tiger Financial is an affiliate of Tiger Capital Group, the asset valuation and financial services firm.

From his base in Tiger’s Boston office, the 20-year veteran of the asset-based lending and financial services industries will focus on identifying both secured debt financing and equity capital opportunities. Tiger […]

By David Flood

Finance / News

Francesca’s Clothing Chain Approved for Bankruptcy Sale

Francesca’s Clothing Chain Approved for Bankruptcy Sale
The buyers of Francesca’s remaining specialty retail business will keep at least 275 of its boutiques open, and retain the management team and nearly all other employees
By Aisha Al-Muslim
Jan. 21, 2021 5:25 pm ET

Specialty retailer Francesca’s Holdings Corp. has won court approval to sell its remaining business out of bankruptcy to a group of buyers that plan to keep […]

By David Flood

Read more about the article Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process

Lexis Nexis News

Finance / News / Retail

Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process

Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process
Houston-based specialty apparel retailer Francesca’s Holding Corp. is one step closer to selling its business to a private investor.
Copyright 2021 Houston Business Journal. All Rights Reserved.

The U.S. Bankruptcy Court fo the District of Delaware has approved the company’s auction process, Francesca’s announced Jan. 8. Bids are due by 4 p.m. Eastern Time on Jan. 13, […]

By David Flood

Finance / News

Retailer rue21 Enters Deal With Bank of America to Retire Debt, Extend Credit Agreement

Retailer rue21 Enters Deal With Bank of America to Retire Debt, Extend Credit Agreement
Specialty retailer rue21 (r21 Holdings, Inc.) announced that its strong financial position has enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset based credit facility to increase availability to $155mm due 2025 led by Bank of America, N.A. The amendment […]

By David Flood

Finance / News

Tiger Finance Provides Nu-Steel Trade With $10MM in Growth Capital

Tiger Finance Provides Nu-Steel Trade With $10MM in Growth Capital
Tiger Finance, a wholly owned affiliate of Tiger Capital Group closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities.

“Nu-Steel is thrilled with the opportunity to partner with Tiger on the growth of our business,” Larry Dobos, CEO and president of the global trader of […]

By David Flood

Finance / News

Tiger Group MD Named to SFNet’s ‘40 Under 40’

Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry.

“The SFNet 40 Under 40 Awards, established in 2016, celebrate the achievements of young professionals in the secured finance industry — […]

By David Flood