Second Avenue Capital Partners’ $30 Million Senior Secured Term Loan to UNTUCKit

Wilmer Cutler Pickering Hale and Dorr advised UNTUCKit on the deal.

Second Avenue Capital Partners, LLC (“SACP”) announced it has closed on a $30,000,000 senior secured term loan to UNTUCKit, one of the fastest-growing retail apparel brands in North America. The term loan will be used to restructure existing debt and provide the Company with the financial latitude to continue their pre-pandemic growth trajectory.

Founded in 2011 in SoHo, New York City, UNTUCKit has become a trusted brand for men and women that want to look sharp and feel casual by creating affordable shirts designed specifically to be worn untucked.

Second Avenue Capital Partners, LLC (“SACP”), a Schottenstein Affiliate, specializes in asset-based loans for the broader retail and consumer products industry. 

The WilmerHale team advising UNTUCKit was led by David Haber (Picture) and Chalyse Robinson, and included Nathan Moore, Lauren Roberts and Lorri Ellis Strizich.

Involved fees earner: David Haber – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Nathan Moore – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Lauren Roberts – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Chalyse Robinson – WilmerHaleWilmer Cutler Pickering Hale and Dorr;

Law Firms: WilmerHaleWilmer Cutler Pickering Hale and Dorr;

Clients: UNTUCKit;

Author: Martina Bellini