Daily News: November 6, 2014

Salus Provides $82MM Comark Facility

Salus Capital Partners provided an $82 million senior facility to Comark. The financing will be used to refinance existing lenders and provide the company with working and growth capital.

“Salus’ depth of retail financing experience was key in our ability to quickly structure a facility tailored to our current and future business needs,” said Bill King, CFO of Comark.

“The closing of this comprehensive financing package signifies the continued expansion of Salus Capital’s Canadian platform and further demonstrates our alignment with a consumer-focused private equity sponsor,” said Marc S. Price, EVP, loan originations and corporate Strategy at Salus Capital. “This credit facility will allow Comark to leverage its nearly 40-year history and extensive geographic market penetration across Canada to ensure it is well-positioned for continued success.”

Comark is a Canadian specialty retailer focused primarily on women’s apparel and accessories.