Daily News: May 22, 2013

Salus Closes $15MM Kitson Facility

Salus Capital Partners announced it provided a $15 million senior secured credit facility to A-List, Inc. (Kitson). Proclaimed as a celebrity hot spot, Kitson is the go-to fashion boutique dedicated to pop culture and created for fashion enthusiasts around the world. The financing will be used to refinance existing indebtedness and to provide working capital for general corporate purposes.

“Kitson has been impressed with Salus Capital from the outset with their capacity for embracing our goals, professionalism, and deep knowledge of the retail industry,” said Chris Lee, chief executive officer of Kitson. “We are fortunate to be affiliated with Andy Moser and his team at Salus.”

“Kitson is a global brand representing modern chic designs with a progressive assortment of products for women, men and kids,” said Andrew H. Moser, president of Salus Capital. “Salus Capital and Kitson are an ideal partnership where our forward-looking capital solutions can position a successful platform like Kitson for meaningful growth opportunities for many years to come.”