Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD32.5 million senior credit facility to support the acquisition of Forman Mills by private equity sponsor Goode Partners.
Based in Pennsauken, New Jersey, Forman Mills owns and operates 36 stores in nine states.
Founded in 1985, the company sells off-price apparel and footwear for men, women, and children, as well as home goods.
The funding will support continued store expansion and invest in the company’s infrastructure to accelerate growth.
