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- New Era Cap raised $775 million worth of debt and could explore an IPO, Bloomberg reported.
- "I can see myself leading a publicly-traded company," CEO Christopher Koch told the outlet.
- New Era is best known as the official licensed hatmaker for MLB and the NFL.
New Era Cap has raised $775 million of debt amid rumors it could be exploring an initial public offering, according to a new report.
The hatmaker is best-known for its officially-licensed partnerships with MLB and the NFL but has also inked deals with luxury names like YSL and Fear of God. It's secured a $525 million loan and another $250 million worth of revolving credit, Bloomberg reported.