Salus Capital Closes $550MM Upsized CLO Transaction
Salus Capital Partners announced the closing of an additional $300 million note issuance by Salus CLO 2012-1, bringing the aggregate amount of the notes issued by the CLO to $550 million.
Salus Capital Partners announced the closing of an additional $300 million note issuance by Salus CLO 2012-1, bringing the aggregate amount of the notes issued by the CLO to $550 million.
Dots announced it closed on a new four-year $51 million senior secured credit facility and term loan from Salus Capital Partners.
Salus Capital said it provided a $21 million senior-secured credit facility to Love Culture. The financing will be used to refinance indebtedness and provide working capital for general corporate purposes.
Salus Capital Partners announced that it closed $130 million in new loan commitments during the months of July and August.
Salus Capital announced that CFO Robert F. Kuppens was named by the Boston Business Journal as a finalist for CFO of the Year in the Midsize Private Company category.
King Trade Capital announced it provided an $11.5 million trade finance solution to support the needs of a public accessory distribution company. KTC said it worked “collaboratively” with Salus Capital Partners to structure a complimentary solution.
Tandy Brands entered into a new $29 million credit agreement with Salus Capital Partners. Proceeds went towards repaying indebtedness owed to Wells Fargo. The company also secured a master credit agreement with King Trade Capital.
Retailer dELiA*s entered into a four-year $30 million revolver with Salus Capital Partners, replacing the company’s prior $25 million revolver with GE Capital, Corporate Retail Finance.
The WSJ reported National Envelope has filed Chapter 11 and is seeking court approval of $67.5 million in financing from Salus Capital Partners. The loan will allow for the payoff $50.5 million in loans owed to a lender group led by Wells Fargo Capital Finance.
Salus Capital Partners provided a senior secured credit facility to Hudson Trail Outfitters, an outdoor sporting goods, apparel and footwear retailer.