Market Overview

Crystal Financial Provides Term Loan Financing for Vince LLC

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Crystal Financial LLC announced the closing of a $27.5 million Senior
Term Loan facility for Vince, LLC ("Vince" or the "Company"), an
indirectly wholly owned subsidiary of Vince Holding Corp. (NYSE:VNCE).
Vince is a leading global luxury apparel and accessories brand. The
Company offers women's and men's ready to wear in addition to
accessories, shoes and home décor. Its products are available through
its upscale wholesale partners as well as through their retail stores
network and their e-commerce site, vince.com.

Proceeds from the term loan will be used to refinance existing term
debt, extend maturities and to provide flexibility for various company
initiatives.

"The refinance of term debt with Crystal in concert with our new
revolving credit facility provides us with the optimal capital structure
to continue to execute our strategic objectives and drive long term
growth in our business. The Crystal team was both highly professional
and very knowledgeable about our industry. We look forward to a mutually
beneficial partnership," said David Stefko, EVP, Chief Financial Officer
of Vince.

"Vince has made strides in refocusing their product assortment to
deliver best in class merchandise that their customers expect and
appreciate from the Vince brand. They have also provided their consumers
with a holistic, multi-channel experience through their network of
retail stores, e-commerce site and a curated group of wholesale
partners. We are excited to be involved with such a well-regarded,
premier luxury brand," said Cheryl Carner, Senior Managing Director of
Crystal Financial.

Andrew Hettinger, Senior Managing Director of Crystal Financial said,
"We are pleased to partner with the high caliber management team at
Vince."

About Crystal Financial LLC
Crystal
Financial LLC, a portfolio company of Solar Capital Ltd. is an
independent commercial finance company that provides senior and junior
secured loans for both asset-based and cash flow financings (minimum of
$10 million in fundings) to middle-market companies. Its team of
experienced, responsive professionals has underwritten, closed and
managed more than $20 billion in secured debt commitments across a wide
range of industries. For more information please visit www.crystalfinco.com.

About Vince
Established in
2002, Vince is a leading global luxury apparel and accessories brand
best known for creating elevated yet understated pieces for every day.
The collections are inspired by the brand's California origins and
embody a feeling of warm and effortless style. Vince designs
uncomplicated yet refined pieces that approach dressing with a sense of
ease. Known for its range of luxury products, Vince offers women's and
men's ready-to-wear, shoes, handbags, and home for a global
lifestyle. Vince products are sold in prestige locations worldwide. As
of June 11, 2018, the Company operated 44 full-price retail stores, 14
outlet stores and its e-commerce site, vince.com. The Company is
headquartered in New York and operates a design studio in Los Angeles.
Please visit www.vince.com
for more information.

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