Salus Capital Partners provided an $82 million senior facility to Comark. The financing will be used to refinance existing lenders and provide the company with working and growth capital.
Key RadioShack lender Salus is reportedly attempting to secure a bigger piece of the electronic retailer’s debt, according to two people with knowledge of the discussions.
Salus Capital Partners announced it named Christopher O’Connor as executive vice president, chief credit and administration officer. In his role at Salus, O’Connor will primarily be responsible for the oversight of underwriting and portfolio management.
Salus Capital Partners said Mark A. Deneen has joined the firm as senior managing director, corporate and business development, based in LA. Deneen joins from PNC Business Credit.
Salus Capital Partners and Downtown Capital Partners announced they agreed to provide $80 million in financing via a senior secured credit facility to specialty retailer Anna’s Linens.
Women’s clothing chain Love Culture filed for bankruptcy protection as it seeks to focus its attention on improving performance. Court documents show that Salus Capital Partners is owed $13.7 million under a prepetition credit agreement.
Salus Capital Partners announced it was awarded the Manufacturing Deal of the Year (under $75MM) Award for providing a DIP facility to National Envelope at the 4th Annual ACG NY Champion’s Awards.
Salus Capital Partners announced that Andrew H. Moser, president and CEO, has been selected as a finalist for the EY Entrepreneur Of The Year 2014 Award in the New England Region.
Salus Capital Partners announced two key hires. Brian Kennedy, SVP, Special Opportunities team leader, was formerly a director at WFCF. Matthey DeLoffi, VP, Risk Management and Collateral Oversight, joined from Gordon Brothers Group.
Salus Capital Partners announced it hired Christopher A. Gouskos as senior managing director, and Peter Coates as SVP, Special Opportunities and Risk Management.