Oxford Finance LLC (“Oxford”), a leading specialty finance firm, today announced the closing of an asset-based lending facility for Serena & Lily, Inc. (“Serena & Lily” or the “Company”), a premium home furnishings and lifestyle brand known for its heirloom quality collection, designed in-house, that embodies great American style and the spirit of life by the water. The facility refinances the Company’s existing credit facility and provides additional capital to support strategic growth initiatives, including the continued expansion of its Design Shop footprint across the United States.
Founded in 2003, Serena & Lily offers furniture, bedding, décor, lighting, rugs, and outdoor furnishings through its e-commerce platform and approximately 20 Design Shops nationwide. The Company has built a strong reputation for timeless design, quality products, and a best-in-class customer experience.
“We are excited to partner with Serena & Lily and support the Company through its next phase of growth,” said Nick McDearis, Managing Director at Oxford Finance. “Serena & Lily has established a differentiated position within the premium home furnishings market through its strong brand, loyal customer base, and attractive growth opportunities. This financing solution provides the flexibility and liquidity needed to execute on the Company’s strategic initiatives, and we look forward to supporting management as they continue to build on the brand’s success.”
“Oxford was a thoughtful and solutions-oriented financing partner throughout the process,” said Keith Lefaiver, Chief Financial Officer and Chief Operating Officer of Serena & Lily. “The Oxford team took the time to understand our business and strategic objectives and delivered a financing solution tailored to our needs. We are excited to partner with Oxford as we continue to grow our brand, expand our reach, and serve customers through our distinctive product offerings and design-focused shopping experience.”
Oxford’s Asset-Based Lending division provides flexible capital solutions to sponsor-backed and non-sponsored companies across a variety of industries. The platform offers customized financing structures, efficient execution, and relationship-focused service designed to support businesses throughout their growth cycle.
About Serena & Lily
Serena & Lily is a premium home furnishings and lifestyle brand dedicated to serving a passionate community of interior design enthusiasts who seek to create homes with character. Founded in 2003, the Company designs and sells furniture, bedding, rugs, lighting, outdoor furnishings, and home décor through its e-commerce platform and Design Shops located throughout the United States. From lively patterns and an iconic color palette to natural materials that become more beautiful over time, Serena & Lily’s collection embodies great American style and the spirit of life by the water.
About Oxford Finance LLC
Oxford Finance LLC is a specialty finance firm providing senior secured loans to public and private companies operating in a variety of industries worldwide. For more than 20 years, Oxford has delivered flexible financing solutions to over 750 companies, allowing borrowers maximize their equity by leveraging their assets. Since 2002, Oxford has originated more than $18 billion in loans. Oxford is headquartered in Alexandria, Virginia, with additional offices serving the greater San Diego, San Francisco, Atlanta, and New York metropolitan areas. For more information, visit www.oxfordfinance.com.
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