Monroe Capital LLC Supports Refinancing of The Black Tux
Monroe Capital LLC acted as the administrative agent and joint lead arranger on the funding of a senior credit facility to support the refinancing of The Black Tux, Inc. The Black Tux, founded in 2013, is an omnichannel provider of mens formalwear offering contemporary suits and tuxedos for rent or sale. The company has an ecommerce platform and over 30 showrooms across the U.S.
The funding will be used for the refinancing of The Black Tux, providing the company with the capital needed to continue its operations and growth strategies. TZP Group and Stripes Group, existing portfolio companies of The Black Tux, were involved in this funding round.
Monroe Capital LLC led the funding round as the administrative agent and joint lead arranger, showcasing its commitment to supporting businesses in various industries. The investors involved in this senior credit facility were instrumental in providing the financial backing necessary for The Black Tuxs refinancing efforts.
Additional information: Monroe Capital LLC is a premier asset management firm specializing in private credit markets, with a focus on providing capital solutions to clients in the U.S. and Canada. The Black Tuxs innovative approach to mens formalwear and its successful growth in the market made it an attractive investment opportunity for TZP Group, Stripes Group, and Monroe Capital LLC.
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