This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hilco Consumer Capital And Infinity FS Brands Provide Term Loan Financing To Frederick’s Of Hollywood Group Inc.

Hilco Consumer Capital, LLC, (“HCC”), through its Hilco Brands, LLC unit, and in partnership with Infinity FS Brands, LLC, (“Infinity”) through its Infinity FS Finance I, LLC, affiliate today announced completion of a US$7 million term loan to Frederick’s of Hollywood Group Inc. (NYSE Amex: FOH) (“Frederick’s”). Hilco Brands acted as agent on the transaction.

The loan, which is secured in part by the intellectual property of Frederick’s, including the company’s trade name and trademarks, is being used to repay a USD$2 million bridge loan provided by Wells Fargo Financial and also for general working capital purposes.

One-half of the loan’s principal amount and accrued interest matures on each of July 30, 2013 and July 30, 2014. The loan bears interest at a fixed rate of 9% payable quarterly in arrears, and an additional 6% in payment-in-kind interest that accrues and compounds annually.

Mitchell C. Berk, CEO of Hilco Consumer Capital, a unit of Hilco Trading, LLC, said, “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.”

Bradley W. Snyder, a Managing Partner with Infinity FS Brands, said, “Our company was proud to work in partnership with Hilco in providing additional liquidity to an outstanding company like that of Frederick’s of Hollywood with its long heritage and tremendous consumer awareness.”

About Hilco Consumer Capital

Hilco Consumer Capital, LLC, (“HCC”) is a specialized private equity firm that makes strategic investments in branded consumer companies. HCC looks to invest in retailers, wholesalers and intellectual property in this space and seeks to build significant additional value through innovative product development, marketing, merchandising and licensing strategies. Current portfolio investments include Polaroid ©, Sharper Image ©, Linens ‘N Things ©, Bombay Brands ©, Ellen Tracy ©, Halston © and Caribbean Joe ©. HCC recently sold the Tommy Armour Golf © company to The Sports Authority. HCC [] is a unit of Hilco Trading, LLC, [] a closely-held, Chicago-based, international provider of business asset acquisition, disposition and valuation services, M&A services and retail consulting. Hilco has offices throughout North American and the United Kingdom.

About Infinity FS Brands, LLC

Formed in May of 2010, Infinity is a consumer brand acquisition and management company based in New York City. Infinity’s primary focus is on identifying and acquiring investment opportunities in undervalued consumer product brands, iconic retail labels, and companies offering significant growth and re-positioning potential. Infinity is owned 50.0% by the Infinity Group, LLC and its Principal, Ike S Franco and 50.0% by Bradley W. Snyder Enterprises, LLC. The Infinity Group, through their Infinity Lifestyle Brands division, has led or participated in high profile brand ventures including Polaroid, The Sharper Image, Starter Athletic, Bugle Boy, XOXO and the home-products brands of Pillowtex: Cannon, Royal Velvet, and Fieldcrest. Bradley W. Snyder Enterprises, LLC is wholly owned by Bradley W. Snyder who was formerly a Principal and Managing Director of the Gordon Brothers Group and is a nationally recognized authority and leading corporate advisor on global commercial business strategies. Key acquisitions Brad has played leadership roles in have been: Casual Corner/ Petite Sophisticate; Laura Secord Candy; Eaton’s Department Store and the subsequent sale to Sears-Canada and the purchase and licensing of the intellectual property of The Sharper Image, Linens 'N Things and Bombay Company.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FOH $0.00 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs