Daily News: November 21, 2012

Salus Provides Bluefly $10MM Facility

Salus Capital provided a $10 million senior secured working capital facility to Bluefly, Inc., an online retailer of designer brands and fashion trends. The financing will be used to provide working capital for general corporate purposes.

“We believe that Salus is a great compliment to the efficiency of the new model we are building,” said Joseph Park, Bluefly CEO. “We look forward to a mutually beneficial working relationship for many years to come, as Salus is well positioned to assist us in our future plans.”

Salus Capital provides senior secured asset-based loans to the small- and middle-market across a variety of industries with additional complementary financing throughout the capital structure.