Daily News: September 24, 2014

Salus Capital Provides $30MM Cache Revolver

Cache announced that it has entered into a new, three-year $30 million revolving credit facility with Salus Capital Partners. The new facility replaces the company’s existing $25 million revolving credit facility with Wells Fargo Bank.

Jay Margolis, Cache chairman and chief executive officer, commented “We are pleased to have secured this new credit facility with Salus Capital, which improves our financial flexibility as we continue to implement our turnaround plan to position Cache for profitable growth.”

Cache is a multi-channel specialty retailer of women’s apparel and accessories that sells through its stores and online at cache.com.