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September 05, 2015 9:02 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of M.J. Soffe, LLC

Company Overview

M.J. Soffe, LLC manufactures and distributes apparel for toddlers, girls, juveniles, youth, juniors, women, and men in the United States and internationally. It provides short and long sleeve tops, briefs, shorts, pants, sweats, jerseys, dresses, skirts, underwear, and leggings; and accessories, such as hats, totes, socks, and others. The company supplies its products to sporting good dealers and department stores, military exchanges, college bookstores and school outfitters, and resorts and private branding customers. It markets and sells its products through its stores and online. The company was founded in 1946 and is based in Fayetteville, North Carolina with retail stores in Fayettevill...

One Soffe Drive

Fayetteville, NC 28312

United States

Founded in 1946

Phone:

910-483-2500

Fax:

910-486-9030

Key Executives for M.J. Soffe, LLC

President
Age: 47
Vice President of Sales
Executive Vice President of Sales
Compensation as of Fiscal Year 2015.

M.J. Soffe, LLC Key Developments

Delta Apparel, Inc. and M.J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC, and Art Gun, LLC Amend and Restate Loan and Security Agreement

Delta Apparel, Inc. and its wholly-owned subsidiaries, M.J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC, and Art Gun, LLC (collectively with Delta Apparel, the Borrowers) entered into a Consent and fourth amendment to fourth amended and restated loan and security agreement with Wells Fargo Bank, National Association and the other lenders set forth therein. The fourth amended and restated loan and security agreement dated as of May 27, 2011, was subsequently amended on August 27, 2013, September 4, 2013, and September 26, 2014. The fourth amended and restated loan and security agreement, as previously amended, is incorporated herein by reference and referred to herein as the existing loan agreement.

Delta Apparel, Inc., M.J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC and Art Gun, LLC Enter into Third Amendment to Fourth Amended and Restated Loan and Security Agreement with Wells Fargo Bank, National Association

On September 26, 2014, Delta Apparel, Inc. and its wholly-owned subsidiaries M.J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC and Art Gun, LLC entered into a third amendment to fourth amended and restated loan and security agreement with Wells Fargo Bank, National Association and the other lenders set forth therein. The third amendment amends certain definitions within the Existing Loan Agreement and generally operates to ease borrowing base availability thresholds relating to a financial testing covenant during the period from September 28, 2014, through October 31, 2015. In addition, the definition of Fixed Charge Coverage Ratio is amended to adjust for expenses that may be incurred in connection with strategic initiatives, and to exclude the $9 million payment due on September 30, 2014, in connection with the August 27, 2013, purchase of certain assets and properties of Salt Life Holdings, LLC. In consideration of the amendments provided in the third amendment, the borrowers agreed to pay Wells Fargo and the other lenders an aggregate fee of $362,500. In addition, interest rates are increased by 25 basis points on the loans available under the existing loan agreement.

Delta Apparel, Inc. Names Elisa Palefsky as Vice President of Sales M. J. Soffe LLC

Delta Apparel Inc. has announced Elisa Palefsky joined the company as Vice President of Sales for its M. J. Soffe operating subsidiary headquartered in Fayetteville, NC. Her former business associations include SPANX and The Coca-Cola Company.

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