MidCap Financial Provides a $30 Million Senior Secured Revolving Credit Facility to Jenni Kayne
April 7, 2022
By MidCap Financial
Bethesda, MD, April 7, 2022 – MidCap Financial today announced it has provided a $30 million senior secured revolving credit facility to Kayne, LLC (“Jenni Kayne” or “Company”). The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s further growth and working capital needs.
About the Company
Founded in 2003 and headquartered in West Hollywood, California, Jenni Kayne is an all-encompassing lifestyle brand rooted in modern Californian minimalism. From sophisticated wardrobe essentials to all the things that make a house a home, the Jenni Kayne aesthetic is timeless and quietly elegant.
About MidCap Financial
MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries throughout North America. The firm's years of experience, strong balance sheet, and flexibility make it a lender of choice for companies across all stages of growth and complexity. MidCap Financial's debt solutions focus in six areas:
• Asset Based Lending - Asset-based revolving loans and term loans collateralized by accounts receivable, inventory and other tangible and intangible assets;
• Leverage Lending - Leverage based loans to companies backed by private equity sponsors across all industries including healthcare, technology, and business services.
• Life Sciences Lending - Loans to VC-backed and public pharmaceutical, biotech, medical device, diagnostics, healthcare IT, enterprise software and hardware companies;
• Real Estate Lending - Loans to developers and operators of commercial, residential and healthcare real estate;
• Lender Finance - Term loans and revolving credit facilities to consumer and commercial finance lenders;
• Franchise Finance - Loans to franchisees operating in the quick service restaurant and other industries.
MidCap Financial refers to MidCap FinCo Designated Activity Company, a designated activity company limited by shares incorporated under the laws of Ireland, and its applicable subsidiaries. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc. MidCap Financial Services, LLC provides sourcing, due diligence and portfolio management services to MidCap Financial. Loans made or arranged by MidCap Financial Trust pursuant to a California Finance Lenders Law license.
For more information about MidCap Financial, please visit http://www.midcapfinancial.com.
Contact:
MidCap Financial Services, LLC
Garrett Fletcher, Product Head – ABL
301-841-6439
gfletcher@midcapfinancial.com
