Deal Details

Next Level Negotiates Long-Term Amendment and Credit Extension

Consumer

Next Level, a portfolio company of Blue Point, debt amendment and extension

Summary

Next Level Apparel (“Next Level” or the “Company”), a portfolio company of Blue Point Capital Partners (“Blue Point” or the “Sponsor"), negotiated a long-term maturity extension, covenant relief and flexibility with its lenders. Terms of the transaction were not disclosed.

Baird served as exclusive debt advisor to Next Level on this transaction.

About

Next Level is a leading designer, manufacturer and supplier of premium blank apparel. The Company features a best-in-class business model that combines industry leading product quality and innovation with superior execution supported by a flexible, fully-outsourced supply chain. Next Level’s customers include screen printers and decorators, as well as the largest distributors of printwear in the United States. Founded in 2003, Next Level is headquartered in Torrance, California.

Blue Point is a private equity firm actively managing over $1.8 billion in committed capital. With resources in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue. Blue Point is headquartered in Cleveland, Ohio.

Consumer

Next Level, a portfolio company of Blue Point, debt amendment and extension