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Tailored Brands Announces $75 Million in New Financing to Continue to Advance Strategic Plans

Tailored Brands Announces $75 Million in New Financing to Continue to Advance Strategic Plans

03/05/21, 3:59 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgfremont
Money raised
$75 million
Tailored Brands, Inc. (the “Company”) today announced the closing of a $75 million investment by a group of existing shareholders and lenders. The financing consists of $50 million of mandatorily convertible notes and $25 million in additional senior secured debt. This transaction will provide additional liquidity for the Company as it continues to advance its strategic plans to ensure it is best positioned to meet the evolving needs of its customers following the COVID-19 pandemic, and demonstrates the continued commitment of its investors to the long-term success of the Company.

Company Info

Company
Tailored Brands, Inc.
Location
fremont, california, united states
Additional Info
Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. We help our customers look and feel their best by delivering personalized products and services through our convenient network of stores and e-commerce sites. Our brands include Men's Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G Fashion Superstore.