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Rapaport News
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Monroe Capital Provides $27M Loan to Alliance Time
Jan 13, 2014 2:21 PM
By Jeff Miller
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RAPAPORT... Equity firm Monroe Capital LLC provided a $27 million senior-secured term loan in conjunction with a $40 million revolving line of credit provided by Bank of America Merrill Lynch to support the growth of Alliance Time and Ashford.com. Alliance Time distributes a range of watches and presents more than 40 luxury watch brands, including Milleret, Golana Swiss and ByJoy watches, along with jewelry on Ashford.com. The company is based in Brooklyn, New York and it employs about 150.
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Tags:
alliance time, ashford, funding, Jeff Miller, Monroe capital, watches
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