Daily News
From Home Furnishing Business
Monroe Capital Secures $55 Million Loan for Mitchell Gold + Bob Williams
June 22,
2016 by in Business Strategy, Industry 
Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $55 million term loan and asset based revolver to support the continued growth strategy of The Mitchell Gold Co. d/b/a Mitchell Gold + Bob Williams, its private equity partner, The Stephens Group, LLC, and the company’s co-founders, Mitchell Gold and Bob Williams.
Taylorsville, North Carolina based Mitchell Gold + Bob Williams, a home furnishings luxury brand is offering upholstery, casegoods, lighting, rugs and accessories designed to make people comfortable. The company sells its products in a growing chain of Mitchell Gold + Bob Williams Signature stores, national specialty retailers and fine independent home furnishings retailers nationwide, as well as through its website and from its catalog. The company also has a growing contract/hospitality business serving great brands such as Fairmont, Ritz Carlton and Starbucks.
“We are extremely pleased to provide the financing to support the continued growth and expansion of Mitchell Gold + Bob Williams,” said Ted Koenig, President and CEO of Monroe Capital. “Our solutions oriented approach to retail and consumer products lending will help accelerate the expansion of one of the most exciting brands in home furnishings. It is a great privilege to work with Mitchell, Bob and The Stephens Group, LLC and we look forward to a long successful partnership.”
Andy Moser, Co-head of Monroe’s Retail & Consumer Products Asset Based Lending Group added, “This transaction is a prime example of the value we can add to a retail company by providing a complete refinance of an asset based lending revolving credit facility together with a term loan for growth and expansion. I think many of our retail clients will look to duplicate this type of solution for their financing needs.”
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.