Gordon Brothers, a global advisory, restructuring and investment firm, has provided Everlane Inc., a U.S. clothing retailer that sells primarily online, with a $25 million term loan.
Everlane is headquartered in San Francisco, Calif. and also has stores in New York City, Boston, Los Angeles, Austin and Palo Alto, Calif. The company looks to use the loan to support over a decade of continued growth.
“Gordon Brothers’ flexible approach will help build a better-capitalized business that matches the strength of Everlane’s underlying brand,” says Bill Wafford, chief financial officer of Everlane. “Everlane is poised for continued expansion as it resonates with an increasing number of consumers who are making active decisions around the effect of their purchases.”