News

April 16, 2021

COLUMBIA, S.C. (April 16, 2021) — Pure Fishing Inc., the world’s largest fishing tackle company, announces the close of its purchase of Plano Synergy Holdings Inc., effective today. As part of the closing of this purchase, Pure Fishing also announces it has closed the sale of Plano Synergy’s archery and hunting accessories brands to GSM Outdoors, the leader in the enthusiast hunting, sport shooting, and rugged outdoor market, also effective today.

Royal Caribbean Group completes the sale of its Azamara brand to Sycamore Partners
March 19, 2021

MIAMI – March 19, 2021 – Royal Caribbean Group (NYSE: RCL) (the Group) today announced it completed the sale of its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash transaction for $201 million. The sale included Azamara’s three-ship fleet and associated intellectual property.

Express, Inc. Announces $140 Million in Additional Financing to Bolster Liquidity
January 14, 2021

COLUMBUS, Ohio-- Fashion apparel retailer Express, Inc. (NYSE: EXPR) today announced that it has entered into a definitive loan agreement with Sycamore Partners as lead lender, along with Wells Fargo and Bank of America Merrill Lynch, that strengthens its liquidity position by an additional $140 million. The new financing includes a $90 million FILO Term Loan with a maturity date of May 24, 2024, and a $50 million Delayed Draw Term Loan, to be repaid upon receipt of a CARES Act tax refund expected to be received in the second quarter of 2021. This financing is in addition to the Company’s existing $250 million asset-based loan facility, of which it had previously drawn $165 million.