FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

GB Credit Partners Provides $15MM Term Loan to Diamonds Direct

Date: Jan 14, 2014 @ 07:21 AM
Filed Under: Retail

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced is has provided a $15 million term loan behind the senior credit facility to Diamonds Direct. Diamonds Direct is a direct importer and retailer of diamonds and diamond jewelry with five retail locations in the southern U.S. This financing will be used as working capital and is supported by the company’s assets. GB Credit Partners leveraged the 110 years of jewelry industry expertise of its parent company, Gordon Brothers Group, in valuing the collateral to support the financing for Diamonds Direct. 

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, originates, structures and invests in private market debt. Debt investments are made in the form of senior, unitranche, second lien or mezzanine loans.  Loans ranging from $10 to $150 million enable middle-market companies to effect strategic change.  Investments are made across 25 industries within five majors sectors: consumer, commercial & industrial, financial services, intellectual property and real estate.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.