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(NORWALK, CT)--Global women's apparel designer Max Azria won't be running into severe capital problems for a little while.

Max Azria

His private 20-year-old BCBG Max Azria Group of Vernon, CA just received a $403 million asset-based credit facility.  Azria can extend the amount to $450 million under certain conditions.

GE Capital, Corporate, Corporate Retail Finance of Norwalk CT acted as co-collateral agent in the deal.

BCBG  has more than 13,500 retail and wholesale points of sale worldwide. Named for the French phrase "bon chic, bon genre," Parisian slang meaning "good style, good attitude," BCBG's portfolio of 22 brands includes BCBGMAXAZRIA, Max Azria, Hervé Léger by Max Azria, BCBGeneration and Max and Cleo.

Wholesalers include Bergdorf Goodman, Saks Fifth Avenue, Bloomingdale's, Nordstrom, Lord & Taylor, Holt Renfrew, Harrods, Selfridges, Harvey Nichols, Le Printemps, Lane Crawford and NET-A-PORTER.

"GE delivered the liquidity and flexibility we needed to grow our business," says Ben Malka, president, BCBG. "Their in-depth knowledge of the retail sector and loan structuring expertise helped provide us the means to expand our new Miley&Max line for Wal-Mart."

Jim Hogan

"We specialize in finding the right solution to meet the specific needs of our retail customers," adds Jim Hogan managing director of GE Capital, Corporate Retail Finance. "Access to critical capital, industry expertise and solid underwriting means smarter liquidity for clients." 

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