Second Avenue Capital Partners (SACP), a Schottenstein affiliate and a provider of asset-based loans and structured financing solutions, provided a $20 million senior secured revolving credit facility to Tommy John, an apparel brand known for redefining comfort in men’s and women’s underwear. The new facility will be used to support the company’s ongoing growth initiatives.
“From day one, our mission has been to challenge the status quo in comfort and design,” Cheryl Abel-Hodges, CEO of Tommy John, said. “As we continue to grow and reach new consumers, having a financing partner that understands our vision is essential. Second Avenue Capital Partners recognizes what makes Tommy John unique, and their financing solution gives us the foundation to scale intelligently while delivering the comfort, quality and innovation our customers love.”
Andrew Prunier, founding member and head of the portfolio team at SACP, said, “Tommy John has built a premium brand anchored by its undergarment roots, and a deep understanding of the modern consumer. With experienced leadership and a proven track record of success, Tommy John is well-positioned for continued growth. Our financing partnership provides the flexibility and resources to accelerate their strategic initiatives and enhance their omni-channel presence.”
