Salus Capital Partners, LLC, announced it has provided an $82 million senior secured credit facility to Comark Inc. The financing will be used to refinance Comark’s existing lenders and to provide the company with working and growth capital.

Founded in 1976 and acquired by KarpReilly LLC in 2005, Comark is a prominent Canadian specialty retailer focused primarily on women’s apparel and accessories. Comark operates 344 stores across Canada through three divisions: Bootlegger, Ricki’s and cleo. Each banner caters to a specific demographic, providing the Company with a diverse customer base and leading brand recognition.

“Salus’ depth of retail financing experience was key in our ability to quickly structure a facility tailored to our current and future business needs,” said Bill King, chief financial officer of Comark.

“The closing of this comprehensive financing package signifies the continued expansion of Salus Capital’s Canadian platform and further demonstrates our alignment with a consumer-focused private equity sponsor,” said Marc S. Price, Executive Vice President, Loan Originations and Corporate Strategy at Salus Capital. “This credit facility will allow Comark to leverage its nearly 40-year history and extensive geographic market penetration across Canada to ensure it is well-positioned for continued success.”

Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 million to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform may also serve as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior secured lending.