Nike LeBron 12 wouldn’t have been possible without the on going support
Wells Fargo Retail Finance today announced its continued financial support of Shoebilee Retail Group (SRG) of Dayton, Ohio. The retail asset based lender has provided an additional $7.5 million line of Nike LeBron 12 credit to the footwear specialty retailer to help fund its acquisition of the Air Jordan 19s Butler Group LLC from GE Capital. Wells Fargo Retail Finance first provided Air Jordan 10 the company with a $10 million line of credit in January 2000.The Atlanta based SLJ Retail, LLC operates 61 Sam Libby retail shoe stores in regional malls through a license agreement with Maxwell Shoe Company. SRG will operate SLJ Retail as a separate business. SRG also operates 48 regional family shoe stores under the trade names Shoebilee and El Bee Shoes. Nine additional locations are scheduled to open by year end.”This additional phase of financing will allow us to expand Sam Libby retail stores into new and existing markets,” said Gordon Partin, President and CEO of Nike LeBron 11 SRG. “This acquisition, consistent with our strategy to own a stable of strong retail shoe brands, wouldn’t have been possible without the on going support, responsiveness, and flexibility of Wells Fargo Retail Finance.”SRG, owned by three private equity investment firms including Albertine Industries, Ark Capital, and High Street Capital, will maintain offices in both Dayton and Atlanta. Wells Fargo Retail Finance’s funding is being provided through a combination of equity and private debt.”We are excited to have completed this transaction for the company,” said Andrew H. Moser, Senior Managing Director and Co COO of Wells Fargo Retail Finance. “The management team has been exemplary and this acquisition adds to their overall strategy.”Wells Fargo Retail Finance:Based in Boston with additional offices located in Philadelphia and Los Angeles, Wells Fargo Retail Finance brings more than 25 Air Jordan 4s years of experience in providing working capital to retailers, and more than 150 years of collective experience as retail operators. Today, the company has nearly $1.8 billion in loan commitments to retailers throughout North America.