Thirty Three Threads secures expanded asset-based facility from Mountain Ridge Capital
What's the deal? Thirty Three ThreadsDealroom has a profile for this one. Try Dealroom →, a B2B retail and merchandising partner serving boutique fitness studios, has secured an expanded asset-based credit facility from Mountain Ridge CapitalDealroom has a profile for this one. Try Dealroom →. The deal, announced October 28, 2026, increases borrowing capacity and adds working capital. Full Send Partners served as exclusive financial advisor.
Why now? The refinancing followed the incumbent lender's decision to exit the consumer sector. Thirty Three Threads needed a partner that could offer a larger facility and lend against inventory held in Mexico.
What's the endgame? The company combines grip socks, activewear, bags, and hydration products with assortment management and retail support. Its portfolio includes TAVIDealroom has a profile for this one. Try Dealroom →, ToeSoxDealroom has a profile for this one. Try Dealroom →, Base 33, VoorayDealroom has a profile for this one. Try Dealroom →, and licensed brand MizuDealroom has a profile for this one. Try Dealroom →, sold through studio relationships and its FitCoDealroom has a profile for this one. Try Dealroom → wholesale marketplace. The new capacity is meant to fund retail programs, its product portfolio, and growth.
A week earlier, Mountain Ridge Capital was reported to have provided the same business a $10 million senior-secured, cross-border asset-based facility to refinance debt and fund working capital. The expanded facility's size was not disclosed.
"Full Send Partners understood our operating requirements, guided us through the financing alternatives and helped secure a facility that gives us additional capacity to support our studio partners and execute our growth plans," said chief executive officer Barry Buchholtz.
Gayane Kirakosyan, managing director and head of capital markets at Full Send Partners, pointed to the cross-border collateral as the deal's defining challenge. "By understanding the company's business and proactively addressing the complexities of its cross-border collateral, we were able to identify financing partners who recognized the opportunity," she said.
The signal: With traditional lenders retreating from consumer exposure, asset-based financing — structured around inventory, including stock held abroad — is becoming a key route for mid-market brands to keep funding growth.
Read more: smb.magnoliastatelive.com
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