Fortunoff to get senior debt from Bank of America, Back Bay as part of recapitalization

By Sara Rosenberg

New York, Nov. 16 - Fortunoff will be getting new senior debt from Bank of America's Fleet Retail Group Inc. and Back Bay Capital Funding LLC as part of its recapitalization with Trimaran Capital Partners and K Group, according to a company news release.

The recapitalization, which is anticipated to be completed in December, will provide the company with capital for expansion of its operations.

No further details on the financing were available prior to press time.

Fortunoff is a Uniondale, N.Y.-based retailer of fine jewelry and home furnishings.

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