By  on July 9, 2012

Golden Gate Capital threw Coldwater Creek Inc. a $65 million lifeline — and could take a big stake in the struggling fashion company.

The private equity firm gave Coldwater a five-year, $65 million senior secured term loan. In addition to the interest and fees payable on that loan, Golden Gate received convertible preferred stock, giving it the right to purchase up to 16.7 percent of Coldwater’s common stock, on a fully diluted basis, for 85 cents a share.

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