Former Salus/Monroe Exec Price to Lead New PNC Retail Unit

Marc S. Price, a former executive at Monroe Capital and Salus Capital Partners, joined PNC Business Credit as senior vice president, to head a newly established retail finance unit.

Monroe Capital Hires Moser, Price to Co-Lead New ABL Group

Monroe Capital said it has established a new business vertical, Retail and Consumer Products Asset-Based Lending. Andy Moser and Marc Price have joined the firm to co-head this new finance practice group.

Salus Increases Mitchell Gold + Bob Williams Facility

Salus Capital Partners increased its senior facility for Mitchell Gold + Bob Williams up to $40 million.

Salus Capital Expands Credit Facility for HiTouch

Salus Capital Partners said it increased its senior-secured credit facility for HiTouch Business Services to $52.5 million.

Salus May Have Played Role in ‘Triggering’ RadioShack Bankruptcy

Bloomberg reported what is lost in the tale of the inevitable decline and failure of RadioShack is how distressed lender Salus Capital Partners may have “helped sink the 94-year old retailer into bankruptcy.”

Salus to Provide Cache DIP Facility

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.

Salus Offers RadioShack $500MM Bankruptcy Loan

Salus Capital reportedly offered RadioShack $500 million in bankruptcy financing, which could increase the lender’s influence if the struggling retailer ends up in Chapter 11.

Salus Closes $20MM DIP Facility for dELiA*s

Salus Capital Partners announced it has provided a $20 million DIP facility to dELiA*s. The financing will be used for working capital while the retailer operates under Chapter 11 protection.

Hilco, Gordon Brothers to Agent dELiA*s Liquidation

dELiA*s said it entered into an agency agreement with Hilco Merchant Resources and Gordon Brothers Retail Partners to liquidate all merchandise owned by the company and to depose of certain assets.

Salus Received Lower Mid-Market Lender of the Year

Salus Capital Partners was recognized as Lower Mid-Market Lender of the Year at the 2014 Americas M&A Atlas Awards, hosted by the Global M&A Network.