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Salus Capital Partners Provides $3.5MM Term Loan to Marbles Holdings

November 13, 2013, 07:14 AM
Filed Under: Retail

Salus Capital Partners, LLC, announced it has provided a $3.5 million senior secured term loan to Marbles Holdings, Inc. The financing will be used for general corporate purposes.

Founded in 2008 and based in Chicago, Illinois, Marbles operates 27 brick-and-mortar locations as well as an e-commerce store, offering brain-boosting games, puzzles, books and software, including its own proprietary product line developed in-house. The Company reaches a diverse and growing consumer base spanning children to aging baby boomers.

“The Salus team clearly believed in our business and wants us to be successful, “said Lindsay Gaskins, CEO, Marbles, Holdings, Inc. “With the financial backing from Salus, Marbles is able to prepare for a big holiday season with great proprietary products being launched in the marketplace like Catchoo and Goodminton, and our first ever direct to consumer catalog. We wouldn’t be able to do what we are doing this year without their support.”

“Our forward-looking and entrepreneurial approach to commercial finance makes us a well-suited partner for emerging-growth retailers like Marbles,” said Andrew H. Moser, president of Salus Capital. “With traditional sources of capital harder to come by in today’s environment, we’re pleased to be able to provide the financing Marbles needs to achieve its business objectives and growth potential.”

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 to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions.

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