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Salus Capital Partners Provides Additional Working Capital to Frontera Investment

September 25, 2012, 08:00 AM

Salus Capital Partners provided an additional $1.5 million of working capital to Frontera Investment, Inc.’s existing $5 million senior-secured credit facility. This represents the first transaction under an Investment Account Agreement with MRC Capital Group, whereby Salus Capital Partners will deploy MRC’s invested capital across senior-secured asset-based lending opportunities. The Salus Investment Accounts program offers investors higher yielding products within a senior-secured credit profile.

“We are excited to begin this partnership with the Salus team in an asset class which provides MRC’s investors an excellent risk adjusted return,” stated Benjamin Yogel, Managing Director of MRC Capital Group.

“In conjunction with our increased commitment to Frontera, Salus is consistently looking for relevant and timely solutions that deliver value,” stated Andrew H. Moser, president of Salus Capital Partners.

“As the Asset Manager, Salus Capital is able to leverage our team, proven track record and entrepreneurial approach to credit in partnering with “like-minded”, strategic investors such as MRC, who are looking to deploy capital in secured asset-based transactions without a material investment in overhead, daily involvement with the borrower and an infrastructure necessary to ensure preservation of capital.”

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