Daily News: August 23, 2013

Salus Funds $130MM in New Loan Commitments in July & August

Salus Capital Partners announced that it closed $130 million in new loan commitments during the months of July and August. The $130 million represent senior secured credit facilities to the following companies:

• Tandy Brands Accessories
• Ashley Stewart Holdings
• Robert Talbott
• An acquisition and working capital facility to a manufacturer headquartered in Canada.

“The middle-market continues to be active and quite receptive to the timely capital solutions provided by Salus Capital,” stated Andrew H. Moser, president of Salus. “To close these four transactions during the months of July and August, the Salus Capital team collaborated effectively internally and with our borrowers; with our primary focus on execution and best-practices. I am extremely proud of our team as we continue to deliver relevant and forward-thinking asset-based capital solutions to great companies with exceptional management teams.”

Salus Capital is a direct originator of senior secured asset-based loans across North America and abroad.