Stuart Weitzman plans $255 million credit facility with buyout

By Sara Rosenberg

New York, Jan. 21 - Stuart Weitzman, LLC intends to get a $255 million senior secured credit facility to help fund its acquisition by Sycamore Partners, according to a PREM14A filed with the Securities and Exchange Commission on Tuesday.

The facility consists of a $35 million asset-based revolver and a $220 million term loan.

Wells Fargo Securities LLC is leading the revolver and Jefferies Finance LLC and MCS Corporate Lending LLC are leading the term loan.

Closing on the buyout is subject to completion of the purchase of Stuart Weitzman's parent company, Jones Group Inc., by Sycamore Partners, LP.

Stuart Weitzman is a New York-based footwear and handbag company.

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