Daily News: September 5, 2013

Salus Capital Provides $21MM Credit Facility to Love Culture

Salus Capital Partners said it provided a $21 million senior-secured credit facility to Love Culture. The financing will be used to refinance indebtedness and provide working capital for general corporate purposes.

“Love Culture is pleased to be working with Salus Capital Partners; their creative, professional and fast-paced approach is a perfect match for our business,” said Katrina Basic, chief financial officer of Love Culture. “Their knowledge of the retail industry is tremendously valuable to a rapidly growing retailer like Love Culture.”

“Hip, trendy, stylish and always fun – the hallmark of the Love Culture brand – aligns perfectly with the relevant, forward-thinking, creative and always nimble capital solutions created by Salus Capital,” said Marc S. Price, senior vice president, loan originations and corporate strategy, Salus Capital. “We are pleased to partner with the management team and look forward to a mutually rewarding relationship as the company continues to execute its prudent growth initiatives.”

Love Culture is a lifestyle brand and shopping destination for young women.