Hampshire Group, Limited announced that the Company and two of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware in order to facilitate the orderly wind-down of their business...
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November 28, 2016, 08:00 AM
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Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending...
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September 13, 2016, 07:44 AM
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Monroe Capital LLC announced that it has established a new business vertical, Retail and Consumer Products Asset Based Lending. In addition, Andy Moser and Marc Price have joined Monroe Capital to co-head this new finance practice group. Andy and...
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November 04, 2015, 07:31 AM
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Monroe Capital LLC announced that it is expanding its presence and coverage in Canada with the addition of Mark Sturrock, who will lead its origination efforts in Canada. Mark will be based in Toronto. “We are very excited to have Mark as part of the...
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October 29, 2015, 08:02 AM
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White Oak announced Christopher Gouskos has joined the firm as Managing Director of Originations. With over 20 years of experience in commercial and corporate finance, Gouskos will be responsible for originating and underwriting new investment...
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September 30, 2015, 08:05 AM
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Santander Bank, N.A. has appointed JohnPaul Nuzzo as vice president and relationship manager in the Bank’s Asset-Based Lending group. His responsibilities include originating and managing asset-based credit facilities for new and existing...
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September 25, 2015, 07:39 AM
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Credit Value Partners, LP, based in Greenwich, CT, has announced that James Irwin and Daniel O'Rourke, both seasoned investment professionals with significant experience in middle-market loan origination, recently joined the firm to focus on...
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July 14, 2015, 07:45 AM
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Anna's Linens, Inc., a specialty retailer of value priced home fashions, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, in Santa Ana, CA on Ju.e 14, 2015. The...
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June 16, 2015, 07:49 AM
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Salus Capital Partners announced that Christopher D. O'Connor and Kyle C. Shonak have been named Co-Presidents of the firm, effective immediately.In a joint statement, O'Connor and Shonak commented: "Salus will work closely with our parent company...
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April 29, 2015, 07:24 AM
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Bloomberg reports Andy Moser, the co-founder and chief executive officer of Salus Capital, has left the firm following losses from its $250 million loan to RadioShack Corp. according to four people familiar with the situation.The departure comes as...
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April 27, 2015, 08:03 AM
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Reuters reports that Salus Capital LLC filed an adversary complaint on Wed Mar. 18 in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million.The Reuters report notes...
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March 19, 2015, 07:49 AM
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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...
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February 20, 2015, 07:33 AM
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Salus Capital Partners, LLC has increased its senior secured credit facility for HiTouch Business Services, LLC (“HiTouch”) to $52.5 million as of December 2014. HiTouch will use the financing for working and growth capital.HiTouch, based in Saddle...
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February 11, 2015, 07:31 AM
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Salus Capital Partners, LLC, announced it has provided up to $10 million in debt financing to AQUAhydrate, Inc., a Southern California-based performance lifestyle beverage company. The financing will be used to fund the company’s working and growth...
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February 05, 2015, 08:05 AM
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CACHÉ, Inc., a national omni-channel specialty retailer of women's apparel and accessories, announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court ("Court) for the...
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February 04, 2015, 07:57 AM
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A Reuters article notes Salus Capital Partners has offered to provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy. The article is based on a recent Wall Street Journal...
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January 13, 2015, 07:14 AM
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Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc. dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls. The financing will be used by the company...
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December 10, 2014, 07:48 AM
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Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, announced that the restructuring of the John Forsyth Shirt Company was named the M&A Advisor...
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December 09, 2014, 07:15 AM
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Black Friday is an inarguably important day to retailers, kicking off the holiday shopping season and an inevitability high selling period that most retailers depend on. But as many retailers experienced in 2013, the promotional pressure on brick-and...
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December 03, 2014, 07:19 AM
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Salus Capital Partners, LLC, announced it has provided an $82 million senior secured credit facility to Comark Inc. The financing will be used to refinance Comark’s existing lenders and to provide the company with working and growth capital.Founded...
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November 06, 2014, 07:51 AM
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A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is...
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October 31, 2014, 07:36 AM
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Cache, Inc., a U.S. based multi-channel specialty retailer of women's apparel and accessories, announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the...
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September 24, 2014, 07:58 AM
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Metis Commercial Finance, a specialized commercial finance company that provides loans to lower middle-market companies, announced its formation today. Metis offers smaller borrowers a unique palette of financing structures including asset-based...
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September 11, 2014, 07:28 AM
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Salus Capital Partners has named Christopher O’Connor as Executive Vice President, Chief Credit and Administration Officer. In his role at Salus, O’Connor will primarily be responsible for the oversight of underwriting and portfolio management...
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September 04, 2014, 07:33 AM
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Salus Capital Partners announced the hiring of Mark A. Deneen who joins Salus as Senior Managing Director, Corporate and Business Development, based in Los Angeles. Mark will be leading Salus’ presence in the Western Region of the United States and...
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August 07, 2014, 07:37 AM
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Salus Capital Partners, LLC and Downtown Capital Partners, LLC announced they have agreed to provide $80 million in financing via a senior secured credit facility to specialty retailer Anna’s Linens, Inc. The facility is expected to be used to...
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July 29, 2014, 07:19 AM
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Kid Brands, Inc. announced that it plans to pursue a sale of substantially all of the assets of the company, or one or more of its subsidiaries, facilitated through the filing of voluntary chapter 11 petitions in the United States Bankruptcy Court...
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June 20, 2014, 07:37 AM
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Salus Capital Partners announced the following new hires: Brian T. Kennedy as Special Opportunities team leader and Matthew J. DeLoffi as VP of Risk Management and Collateral Oversight.
Brian T. Kennedy joins Salus as a Senior Vice President...
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April 30, 2014, 07:15 AM
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Salus Capital Partners, LLC, specialists in financing growing consumer brands, announced it has provided a $17.5 million senior secured credit facility to Calypso St. Barth, Inc. The financing will be used to refinance its current lender, general...
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April 24, 2014, 07:32 AM
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Salus Capital Partners, LLC, announced the following new hires:
Christopher A. Gouskos joins Salus as Senior Managing Director, Corporate and Business Development. Based in Dallas, Gouskos will focus on corporate strategy, origination and...
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February 19, 2014, 07:26 AM
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Salus Capital Partners, LLC, announced it has provided a $20 million senior secured credit facility to Worldwise, Inc. The financing will be used to refinance its current lender and for general corporate purposes.Founded in 1990 and acquired by...
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January 23, 2014, 07:29 AM
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RadioShack Corporation has completed a new financing totaling $835 million including a $585 million senior secured ABL credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners, LLC...
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December 11, 2013, 07:30 AM
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Salus Capital Partners, LLC, announced it has provided a $4 million senior secured term loan to Naartjie Custom Kids, Inc. The financing will be used as ongoing working capital for general business needs of Naartjie’s US and Canadian...
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November 21, 2013, 07:13 AM
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Salus Capital Partners, LLC, announced it has provided a $50 million Senior-Secured Credit Facility to Hampshire Group, Limited. The financing will be used for general corporate purposes.Hampshire Group, Limited, along with its wholly-owned...
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November 06, 2013, 07:14 AM
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Salus Capital Partners, LLC, announced it has provided a $42.5 million senior secured credit facility to HiTouch Business Services, LLC. The financing will be used for general corporate purposes.
HiTouch, based in Saddle Brook, NJ, is a full-service...
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October 30, 2013, 07:34 AM
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Salus Capital Partners, LLC, announced it has provided a $10 million CAD Senior-Secured Credit Facility to The John Forsyth Shirt Company Ltd. The financing will be used to provide working capital for general corporate purposes as the Company emerges...
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October 23, 2013, 07:31 AM
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Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter....
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October 22, 2013, 07:42 AM
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Salus Capital Partners, LLC (“Salus”) is pleased to announce the following new team members:Gary D. Hoffstein joins Salus as the Senior Vice President, Chief Information Officer, responsible for managing the direction of technology to support the...
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October 11, 2013, 08:01 AM
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Hampshire Group, Limited, a leading provider of sportswear, announced that the company has refinanced its existing credit facility with Wells Fargo with a new $50.0 million, three-year credit facility from Salus Capital Partners. The credit facility...
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September 30, 2013, 08:01 AM
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Salus Capital Partners LLC announced the closing of an additional $300 million note issuance by Salus CLO 2012-1, Ltd. (the “CLO”), bringing the aggregate amount of notes issued by the CLO to $550 million. The original CLO closed in February 2013...
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September 23, 2013, 07:52 AM
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Dots, the fashion specialty apparel retailer, announced today that it has closed on a new four-year $51.0 million senior secured credit facility and term loan from Salus Capital Partners, LLC. The company expects that the funds secured through this...
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September 16, 2013, 07:33 AM
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Salus Capital Partners, LLC announced it has provided a $21 million senior secured credit facility to Love Culture, Inc. Love Culture is a lifestyle brand and shopping destination for edgy, fashion-forward young women. The financing will be used to...
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September 05, 2013, 07:44 AM
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Tandy Brands Accessories provided an update on the results achieved from its restructuring plan announced March 18th and announced the execution of new credit facilities.On July 24th, the company entered into a new credit agreement with Salus Capital...
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July 29, 2013, 07:51 AM
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NE Opco Inc., the largest closely held envelope maker in North America, won court approval to borrow as much as $60 million of a bankruptcy loan to help fund operations.
U.S. Bankruptcy Judge Christopher Sontchi indicated at a hearing today in...
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June 12, 2013, 07:14 AM
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Frederick's of Hollywood Group announced that Salus Capital Partners, the company's lender, has increased the FILO Advance credit line portion of the company's credit facility by $5.0 million to $14.0 million."By increasing the FILO Advance credit...
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May 30, 2013, 08:02 AM
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Salus Capital Partners provided a $35 million senior-secured credit facility to Manus Holdings, LLC. Manus, a portfolio company of Versa Capital Management, is a leading manufacturer of industrial products that are sold both directly and indirectly...
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May 09, 2013, 07:39 AM
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Salus Capital Partners announced the following new hires:
Timothy R. Tobin joins Salus as Senior Managing Director, Originations and Corporate Development, and is responsible for originations and guiding corporate development efforts. He also has a...
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April 03, 2013, 07:53 AM
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Salus Capital Partners announced it has provided a $16 million debtor-in-possession (DIP) facility to Namco, LLC. Namco, LLC is a multi-channel home recreational products retailer and wholesaler with operations throughout the Northeastern and...
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March 29, 2013, 07:12 AM
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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...
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March 20, 2013, 07:48 AM
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Summer Infant, Inc., a global leader in premium juvenile products, has refinanced its outstanding revolving credit facility.
Summer Infant has entered into a new fully underwritten loan and security agreement with Bank of America, N.A. that expires...
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March 01, 2013, 08:11 AM
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Salus Capital Partners announced it has provided a C$21 million senior secured credit facility to Fletcher Leisure Group Inc. The company is one of Canada’s largest sporting goods wholesale and distribution companies. The credit facility will be used...
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February 27, 2013, 07:12 AM
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Salus Capital Partners announced the following new hires:
Jonas McCray joins Salus as Senior Vice President, Underwriting, Loan Closing, and Internal Compliance, and is responsible for managing underwriting and due diligence, evaluating investment...
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February 13, 2013, 07:39 AM
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Salus Capital Partners provided a C$6 million senior secured credit facility to Northern Reflections Ltd. The company is one of Canada’s largest privately-held apparel retailers offering moderately-priced fashions for women. The financing will be...
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February 06, 2013, 07:22 AM
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Salus Capital Partners announced it has provided a $35 million senior secured credit facility for W Diamond Group Corporation, the largest manufacturer of men’s tailored clothing in the United States with operating factories in Rochester, NY and...
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January 16, 2013, 08:09 AM
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Reuters reports Big M Inc., the owner of the 129 Mandee, Annie Sez and Afaze women's clothing stores filed for bankruptcy after Superstorm Sandy cut into the New Jersey-based company's sales and derailed its turnaround.
The company was forced to...
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January 08, 2013, 07:49 AM
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Kid Brands, Inc. announced it has refinanced its existing senior credit facility with Salus Capital Partners, as lender, administrative agent and collateral agent. The Salus Credit Agreement provides for an aggregate maximum $80 million revolving...
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December 24, 2012, 07:32 AM
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Salus Capital Partners provided a $25 million senior secured credit facility to The Mitchell Gold Co., d/b/a Mitchell Gold + Bob Williams, a leading full-line provider of premium branded home and hospitality furnishings, supplying consumers with a...
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December 12, 2012, 07:43 AM
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Salus Capital Partners provided a $9.5 million debtor-in-possession (dip) credit facility to Bakers Footwear Group, a specialty retailer of moderately priced fashion footwear for young women. The DIP financing will be used by Bakers to provide...
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November 28, 2012, 08:08 AM
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Salus Capital Partners provided a $10 million senior-secured working capital facility to Bluefly, Inc., an online retailer of designer brands, fashion trends and superior value. The financing will be used to provide working capital for general...
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November 21, 2012, 07:17 AM
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Salus Capital Partners provided a $12.75 million senior secured working capital facility to Xenith, LLC, a privately held manufacturer and wholesaler of football helmets and sporting equipment. The financing will be used to provide working capital...
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November 01, 2012, 07:06 AM
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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...
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September 25, 2012, 08:00 AM
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Salus Capital Partners provided a $30 million senior-secured working capital facility to China Pearl, Inc., a seller of a diverse catalog of pearls to nearly 10,000 retailers across the United States. The financing will be used to provide working...
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August 13, 2012, 07:00 AM
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Salus Capital Partners provided a $21.5 million senior-secured credit facility to a newly created company to purchase certain assets from one of North America’s leading retailer of apparel and accessories. The financing will also be used as working...
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August 06, 2012, 06:00 AM
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