Women’s retailer Cache reportedly filed for Chapter 11 in Delaware. The Wall Street Journal said that Salus Capital Partners is providing a $22 million DIP facility.
Cache entered into a new, three-year $30 million revolver with Salus Capital Partners. The new facility replaces the company’s existing $25 million revolving credit facility with Wells Fargo Bank.
Cache, a specialty chain of women’s apparel stores, announced it secured a new, five year, $25 million credit facility through Wells Fargo Capital Finance.