Sound Point Capital Management (Sound Point) has closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (Perry Ellis), an owner of several well-established retail brands.
Funding provided by Sound Point will be used to pay down the Company’s existing debt.
The Company has been in business for 54 years and was formerly a public company before a take-private transaction in 2018. Perry Ellis owns a diversified suite of brands which generate ample cash flow through licensing to third-party manufacturers.
