Salus to Provide Cache DIP Facility
The Wall Street Journal reported that women’s retailer Cache filed for Chapter 11 in Delaware. According to the Journal, the mall-based retailer received an offer from SB Capital Group and Tiger Capital Group, which the Journal notes could be challenged at a potential auction.
The Journal said that Salus Capital Partners, which became Cache’s lender in September 2014, is providing a $22 million DIP facility.
To read the entire Journal article, click here.
Previously on abfjournal: Salus Capital Provides $30MM Cache Revolver, September 24, 2014