Springs Window Fashions, a Middleton-based provider of custom window coverings, announced in a press release the successful completion of a capital raise and refinancing of a portion of its outstanding debt. The total amount raised was not disclosed. The transaction reportedly enhances the company’s liquidity and positions it to capitalize on market recovery and accelerate growth through strategic operational initiatives.
As part of the transaction, Springs Window Fashions secured a new first-out term loan facility and revolving credit facility to increase liquidity, as well as a second-out term loan facility to refinance nearly all of its outstanding term loans. Additionally, the company issued a new second lien notes instrument in exchange for a portion of its senior notes. These measures also extend the maturity of key debt instruments, including the asset-based lending (ABL) facility, from 2026 to 2028.
