Sound Point Capital Provides Financing To Perry Ellis International
01/07/22, 2:45 PM
Industry
lending and investments
financial services
professional services
Sound Point Capital Management (“Sound Point”) is pleased to announce that it closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (“Perry Ellis” or the “Company”), an owner of well-established retail brands. Funding provided by Sound Point will be used to pay down the Company’s existing debt. The Company has been in business for 54 years and was formerly a public company before a take-private transaction in 2018. Perry Ellis owns a diversified suite of brands which generate ample cash flow through licensing to third-party manufacturers
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Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages approximately $28.9 billion of assets. Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], are strategic investors in our business. For more information, please visit Sound Point's website at www.soundpointcap.com.