Daily News: August 29, 2012

Salus Capital Partners Closes $30 Million Facility for China Pearl

Salus Capital Partners, LLC announced it has provided a $30 million senior secured working capital facility to China Pearl, Inc., a seller of a diverse catalog of pearls to nearly 10,000 retailers across the United States. The financing will be used to provide working capital for general corporate purposes.

“Every successful business should have a good product, a professional team and flexible financial support. We at China Pearl found Salus Capital to be the perfect match for our growth strategy. We look forward to a mutually beneficial working relationship for many years to come with Salus,” stated Harold Jabarian, China Pearl’s president and CEO.

“The China Pearl credit facility is a clear representation of our ability to customize a solution that was tailored to specifically address the particular needs of the company,” said Marc S. Price, SVP, Loan Originations and Corporate Strategy of Salus Capital. “The Salus platform was created to deliver relevant, efficient and flexible solutions to the middle market. Listening to Harold and understanding the inherent opportunities to help spawn new growth in serving a wider and diverse customer base was instrumental in delivering an optimal credit solution as we embark into a long and prosperous partnership together.”