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Salus Capital Expands Credit Facility for Mitchell Gold + Bob Williams

February 20, 2015, 07:33 AM
Filed Under: Retail

Salus Capital Partners, LLC, has increased its senior secured credit facility for Mitchell Gold + Bob Williams up to $40 million as of December 2014. The company will use the financing for working and growth capital for its ongoing retail store expansion plans.

Headquartered in North Carolina, Mitchell Gold + Bob Williams is an internationally acclaimed home furnishings luxury brand that sells its products in a growing chain of Mitchell Gold + Bob Williams Signature stores, through fine independent home furnishings and specialty retailers nationwide, as well as online and by catalog. Recently acquired by The Stephens Group, LLC, the company, co-founded by Chairman and Chief Executive Officer Mitchell Gold and President of Design Bob Williams in 1989, has established itself as a marquee name in the home furnishings retail space. Mitchell and Bob will continue to maintain their significant ownership position as well as operating the company.

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.

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