Second Avenue Capital Provides $8M Revolving Credit Facility to IT'SUGAR
Second Avenue Capital Partners (SACP), an affiliate of Schottenstein, has provided an $8 million senior secured revolving credit facility to IT'SUGAR. The funding is intended to support the candy retailer's working capital needs and provide liquidity for growth initiatives. IT'SUGAR operates over 100 locations in the U.S. and Canada and recently expanded into a wholesale business, broadening its distribution channels. CEO Ryan Nelson emphasized the importance of having a financing partner that understands merchandising and strategic priorities to support expansion across new and existing markets. Andrew Prunier from SACP praised IT'SUGAR's brand-building efforts through distinctive products and customer experiences. The partnership aims to provide flexibility for inventory investment and execution of growth strategies, highlighting SACP’s focus on tailored financing solutions in the retail sector.
Topics: corporate_finance retail_growth