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Wingspire Capital & TCW Private Credit Provide Unitranche Senior Credit Facility to cabi
May 3, 2022
Wingspire Capital LLC and TCW Asset Management Company LLC together provided a unitranche senior credit facility to women’s apparel brand cabi LLC.
cabi designs and markets women’s apparel through independent stylist entrepreneurs who set their own schedules, coordinate in-home and virtual events, and curate personalized style and fit recommendations. The company also sells apparel and accessories direct to consumers through its website.
cabi, which is majority owned by Sentinel Capital Partners, is using the proceeds to propel anticipated growth. Founded in 2002 by a group of professional women who had a vision to create an innovative boutique fashion brand centered around personalized styling experiences, cabi has since grown to have thousands of stylist entrepreneurs in the United States, Canada and the U.K.
“We are pleased to work closely with TCW on a creative and flexible senior credit structure that meets the needs of cabi and positions the business for future growth,” said David Gittleman, Head of Capital Markets for Wingspire Capital.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle market-focused, specialty finance firm that provides asset-backed credit facilities to businesses across all industries. Our depth of experience across all debt products and industries enables our firm to be creative and flexible in our approach, and the lender of choice for companies across all stages of growth and complexity. The commitments for our credit facilities range in size from $20 to $200 million.
Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternative asset manager with approximately $94.5 billion of assets under management as of December 31, 2021. For further information, visit wingspirecapital.com.
TCW PRIVATE CREDIT
TCW Private Credit specializes in providing senior-secured loans to U.S.-based middle market borrowers. Since 2001, the group has provided private credit solutions to borrowers across a wide range of industries, partnering with business owners, management teams, financial intermediaries, and asset-based lenders to provide customized financing solutions for a variety of needs. TCW Private Credit has a track record of closing deals on time and on the terms proposed and is committed to being a long-term, creative and value-enhancing partner. The group invests up to $250 million per transaction, with typical investments ranging in size from $25 million to $150 million. Investments are predominantly first-lien, senior-secured financings.
Founded in 1971 and based in Los Angeles, TCW manages approximately $264 billion in assets as of December 31, 2021, and provides a broad range of innovative, value-added investment products.
cabi designs and markets women’s apparel through independent stylist entrepreneurs who set their own schedules, coordinate in-home and virtual events, and curate personalized style and fit recommendations. The company also sells apparel and accessories direct to consumers through its website.
cabi, which is majority owned by Sentinel Capital Partners, is using the proceeds to propel anticipated growth. Founded in 2002 by a group of professional women who had a vision to create an innovative boutique fashion brand centered around personalized styling experiences, cabi has since grown to have thousands of stylist entrepreneurs in the United States, Canada and the U.K.
“We are pleased to work closely with TCW on a creative and flexible senior credit structure that meets the needs of cabi and positions the business for future growth,” said David Gittleman, Head of Capital Markets for Wingspire Capital.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle market-focused, specialty finance firm that provides asset-backed credit facilities to businesses across all industries. Our depth of experience across all debt products and industries enables our firm to be creative and flexible in our approach, and the lender of choice for companies across all stages of growth and complexity. The commitments for our credit facilities range in size from $20 to $200 million.
Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternative asset manager with approximately $94.5 billion of assets under management as of December 31, 2021. For further information, visit wingspirecapital.com.
TCW PRIVATE CREDIT
TCW Private Credit specializes in providing senior-secured loans to U.S.-based middle market borrowers. Since 2001, the group has provided private credit solutions to borrowers across a wide range of industries, partnering with business owners, management teams, financial intermediaries, and asset-based lenders to provide customized financing solutions for a variety of needs. TCW Private Credit has a track record of closing deals on time and on the terms proposed and is committed to being a long-term, creative and value-enhancing partner. The group invests up to $250 million per transaction, with typical investments ranging in size from $25 million to $150 million. Investments are predominantly first-lien, senior-secured financings.
Founded in 1971 and based in Los Angeles, TCW manages approximately $264 billion in assets as of December 31, 2021, and provides a broad range of innovative, value-added investment products.
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