JPMorgan refinances private credit loan to FAO Schwarz owner ThreeSixty Group
6th May 2025 08:26 AM
JPMorgan Chase recently provided a private loan to ThreeSixty Group, the owner of the Sharper Image, FAO Schwarz and Vornado brands, according to two sources familiar with the matter.
The banking giant in late March offered an around USD 250m term loan to refinance private credit debt provided by KKR to the vertically-integrated consumer product company, said the first source.