Hilco, Infinity Provide Loan Financing to Frederick's

Hilco Consumer Capital, in partnership with Infinity FS Brands, is providing Frederick's of Hollywood with a $7 million term loan. Hilco Brands acted as agent on the transaction. The loan, secured in part by the intellectual property of Frederick's, is be

April 6, 2018

Hilco Consumer Capital, in partnership with Infinity FS Brands, is providing Frederick's of Hollywood with a $7 million term loan. Hilco Brands acted as agent on the transaction.

The loan, secured in part by the intellectual property of Frederick's, is being used to repay a $2 million bridge loan provided by Wells Fargo Financial, as well as for working capital purposes.

One-half of the loan's principal amount and accrued interest matures on July 30, 2013, and the remaining half July 30, 2014.

"The rich and long history of the iconic Frederick's of Hollywood brand combined with our ability to recognize value in the intellectual property and the company's multi-channel distribution, including retail, catalog, e-commerce, wholesale and licensing, made this investment an attractive opportunity for us," says Mitchell C. Berk, chief executive officer of Hilco Consumer Capital.

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