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Salus Capital Partners Closes $15MM Term Loan for Summer Infant

March 13, 2013, 07:02 AM
Filed Under: Distribution

Salus Capital Partners announced it has provided a $15 million senior-secured term loan to Summer Infant a global designer and distributor of durable health, safety, and wellness products for infants and toddlers. The Credit Facility will be used to refinance existing indebtedness and for general corporate purposes.

“We selected Salus Capital because we were looking for a strategic partner who knew our industry and would support the long term needs of our business,” said Paul Francese, chief financial officer of Summer Infant, Inc. “They were able to execute against a demanding loan closing time line and demonstrated a willingness to work with us to structure a deal that supported our strategies and liquidity needs.”

“Summer Infant is a market leader in the juvenile health and safety equipment industry,” said Andrew H. Moser, president of Salus Capital Partners. “Their successful execution of brand-centric decision making further supports Salus Capital’s growing expertise in lending against Intellectual Property assets with meaningful consumer acceptance."

Choate, Hall & Stewart LLP acted as legal counsel to Salus Capital Partners, LLC.

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