Chicago, Illinois – NXT Capital (www.nxtcapital.com) today announced that it has provided a $32.5 million senior credit facility to fund Incline Equity Partners’ recapitalization of Revolution Dance.
NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
Revolution Dancewear offers a full product line of footwear, bodywear and recital costumes to serve the needs of dancers across several style categories. The company sells its products through dance schools across the United States.
“This transaction is a wonderful example of NXT Capital’s continued ability to help us generate exceptional portfolio company returns,” said Leon Rubinov, Principal, Incline Equity Partners. “We truly value our partnership with NXT.”
Based in Pittsburgh, Incline Equity Partners specializes in providing capital to lower middle-market companies whose owners and/or management teams need a strategic financial partner for liquidity and/or growth.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.