TORONTO – January 10, 2022 – FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end brands. The facility, comprising of a revolving loan facility and a term loan, will be used to help drive the Company’s growth and is secured by working capital, intellectual property and brand value.
“We are thrilled to support Jason Wu and his team,” said Patrick Dalton, Chief Executive Officer of FrontWell. “This senior secured credit facility is an example of FrontWell’s ability to see value in a brand with strong name recognition like Jason Wu and partner with the company to structure a creative, tailored solution.”
“We are very pleased to form a partnership with FrontWell Capital Partners to build a solid foundation for the next phase of growth and development of the Jason Wu brand,” said Lynn Yu, Chief Executive Officer of Jason Wu. “We look forward to paving our future path in unison.”
About FrontWell Capital Partners
Headquartered in Toronto, FrontWell Capital Partners provides transitionary senior debt financing to middle-market companies in the United States and Canada. With committed seed capital of more than USD $350 million, FrontWell offers financing solutions, including asset-based (ABL) and cash flow loans, to maximize liquidity support for borrowers that are looking beyond traditional sources of capital. FrontWell’s rigorous approach to origination, underwriting and risk management generates current income while prioritizing the preservation of principal over the chase for yield. FrontWell partners with companies across several industries that display balance sheet capacity and require liquidity to support a transition in their business, including turnarounds, restructurings, acquisitions and changes in ownership or control. For more information, please visit frontwellcapital.com.
About Jason Wu
Jason Wu is a leading New York-based fashion designer. The Jason Wu brand stands for American luxury with a sense of sophistication, glamour and refinement. Jason’s meticulous approach to design and impeccable attention to detail is applied to everything he creates and has established himself as one of this generation’s most talented fashion designers in just over ten years. Since debuting his namesake company in 2007, Jason currently offers a signature Jason Wu Collection along with the Jason Wu contemporary line dedicated to making clothes that are beautifully crafted from the inside out with a focus on modern luxury and effortless elegance. Jason has received numerous awards, including the Swarovski Award for Womenswear in 2010, The Fashion Group International Fashion Star Award in 2015, and the 2016 Canadian International Designer of the Year.
Contacts
For FrontWell:
FGS Global
Brandon Messina / Hayley Cook / Kevin Siegel
FrontWell-SVC@sardverb.com
For Jason Wu:
Gina Pepe
Director of Communications
gina@jasonwustudio.com