Daily News: November 1, 2012

Salus Capital Closes $12.75MM Facility for Xenith


Salus Capital Partners announced it has provided a $12.75 million senior-secured working capital facility to Xenith, a privately held manufacturer and wholesaler of football helmets and sporting equipment. The financing will be used to provide working capital for general corporate purposes.

Based in Lowell, MA, Xenith was founded to advance safety, activity and health by providing both innovation and education. Xenith’s Adaptive Head Protection is a system of integrated technologies designed to reduce the sudden movement of the head during impact. Xenith helmets have been worn by thousands of athletes from the youth level to NFL. The company