Sequential Brands, a US holding company that owns a portfolio of consumer brands, increased its credit lines with the Franklin Square Investment Corporation (FSIC) business development companies (BDCs) by $150 million to $368 million this week. The new loan finances Sequential’s acquisition of the Martha Stewart Living Omnimedia (MSLO) brand.
FSIC helps Sequential close Martha Stewart purchase
The consumer brand holding company, which recently closed on its acquisition of Martha Stewart Living Omnimedia, has upsized its credit lines with the Franklin Square BDCs by $150m. Â
