For over a century, New Era Cap has reined as one of the most recognizable names in hatmaking.
While best-known as an official headwear licensing partner for Major League Baseball and the National Football League, the Buffalo, New York-based company’s cachet has also been boosted by luxury collaborations with the likes of Yves Saint Laurent and Fear of God.
“The commitments that we received relative to our debt package exceeded by over 40%,” Kevin Wilson, chief financial officer at New Era, said in a phone interview. “So we’re pleased that people have the confidence in New Era and liked what they saw from a financial profile to invest in us.” Koch, following in the footsteps of his father David Koch, has been with the company for over 40 years working in different capacities before taking on the top job in 2002. New Era’s refinancing now offers added liquidity flexibility, he said.
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