Daily News: January 14, 2014

GB Credit Provides Term Loan to Diamonds Direct

GB Credit Partners announced it provided a $15 million term loan behind the senior credit facility to Diamonds Direct.

The financing will be used as working capital and is supported by the company’s assets. GB Credit Partners leveraged the 110 years of jewelry industry expertise of its parent company, Gordon Brothers Group, in valuing the collateral to support the financing for Diamonds Direct.

Diamonds Direct is a direct importer and retailer of diamonds and diamond jewelry with five retail locations in the southern U.S.