Salus Closes $8MM Term Loan for Totsy
Salus Capital Partners announced it provided an $8 million senior secured term loan to Totsy, Inc., a private sale website exclusively dedicated to delivering deals on products for parents, babies and kids. The credit facility will be used to refinance existing indebtedness and for general corporate purposes.
“We’re pleased to be working with Salus Capital to help fuel Totsy’s next phase of growth,” noted Lisa Kennedy, CEO of Totsy.
“Salus Capital is uniquely focused on growing a niche lending solution to leading consumer facing E-Commerce companies,” said Marc S. Price, senior vice president, Loan Originations and Corporate Strategy of Salus Capital Partners. “We are privileged to work with Totsy and its committed equity sponsor and look forward to furthering our reach in this fast growing industry segment.”
Choate, Hall & Stewart LLP acted as legal counsel to Salus Capital.