Second Avenue Capital Partners, a Schottenstein affiliate, announced that it has provided a $20 million Senior Secured Revolving Credit Facility to Tommy John, the premium 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.
Founded in 2008, Tommy John is now a leading lifestyle company with a devoted customer base and national recognition. Tommy John’s product offering spans men’s and women’s underwear, loungewear and apparel.
“As we continue to grow and reach new consumers, having a financing partner that understands our vision is essential," said Cheryl Abel-Hodges, CEO of Tommy John. "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.”
"With experienced leadership and a proven track record of success, Tommy John is well-positioned for continued growth," said Andrew Prunier, Founding Member and Head of the Portfolio Team at SACP. "Our financing partnership provides the flexibility and resources to accelerate their strategic initiatives and enhance their omni-channel presence.”