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Salus Capital Partners Funds $130MM in New Loans in July & August

August 23, 2013, 07:49 AM

Salus Capital Partners, LLC, an SEC Registered Investment Adviser and subsidiary of Harbinger Group Inc. (NYSE: HRG), announced that it has closed $130 million in new loan commitments during the months of July and August. The $130 million represent Senior-Secured Credit Facilities to the following 4 companies:

  • Tandy Brands Accessories, Inc.
  • Ashley Stewart Holdings, Inc.
  • Robert Talbott, Inc.
  • An acquisition and working capital facility to a leading manufacturer with headquarters in Canada.

“The middle-market continues to be active and quite receptive to the timely capital solutions provided by Salus Capital,” stated Andrew H. Moser, President of Salus Capital Partners, LLC. “To close these four transactions during the months of July and August, the Salus Capital team collaborated effectively internally and with our borrowers; with our primary focus on execution and best-practices. I am extremely proud of our team as we continue to deliver relevant and forward-thinking asset-based capital solutions to great companies with exceptional management teams.”

Salus Capital is a direct originator of senior secured asset-based loans across North America and abroad.  Target transaction sizes range from $3 to $35 million, with the ability to hold up to $100 million and to syndicate larger transactions. 

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