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Salus Capital Partners Closes $13MM Facility for Hunter’s Specialties

March 20, 2013, 07:48 AM
Filed Under: Manufacturing

Salus Capital Partners provided a $13 million senior secured credit facility to Hunter's Specialties, a leading manufacturer, wholesaler, and marketer of non-firearm hunting products, benefiting from one of the industry’s broadest and deepest product offerings. The credit facility will be used to refinance existing indebtedness and for general corporate purposes.

“The Hunter's Specialties management team needed to unlock liquidity to continue an aggressive new product introduction and strategy; Salus was there to help,” said David and Carman Forbes, co-founders of Hunter's Specialties. “As we evaluated our financing alternatives, we were advised through intermediaries that Salus Capital was a group of creative problem solvers. Their reputation holds true, as Salus Capital demonstrated a thorough understanding of our business and was able to execute timely and efficiently.”

“At Salus Capital, our team places great emphasis on the highest level of execution and responsiveness in delivering a total capital solution,” said Andrew H. Moser, president of Salus Capital Partners. “Our collaboration with the Hunter's Specialties management team gave us confidence in their ability to execute and together we adapted a loan structure that will assist the company in achieving their goals. The company continues to work on all initiatives and remains one of the most recognizable names in the hunting industry.”

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