Salus Capital Unwilling to Extend Hampshire Forbearance Deal

In an update regarding its credit agreement with Salus Capital Partners, Hampshire Group said its lender has declined to extend its forbearance agreement and, accordingly, the company is in default of the agreement.

Salus to Provide Anna’s Linens DIP

Anna’s Linens filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. The company negotiated a DIP financing arrangement with Salus Capital, the company’s pre-petition lender.

Salus Capital Seeking RadioShack Conversion to Chapter 7

Salus Capital Partners has asked the Delaware bankruptcy court judge to convert RadioShack’s bankruptcy cases from Chapter 11 proceedings to Chapter 7.

Salus Capital Lending Unit Said to Trim 40% of Staff

About 20 of Salus Capital’s 50 workers reportedly were dismissed, as HRG Group cut staffing at the unit that suffered losses on loans to RadioShack.

Salus Appoints O’Connor, Shonak Co-Presidents

Salus Capital Partners named Christopher D. O’Connor and Kyle C. Shonak co-presidents of the firm, effective immediately.

Salus CEO Said to Leave Firm Following RadioShack Losses

Andy Moser, the co-founder and CEO of Salus Capital, reportedly left the firm following losses from its $250 million loan to RadioShack, according to four people familiar with the situation.

Salus Closes AQUAhydrate Debt Financing

Salus Capital Partners provided up to $10 million in debt financing to AQUAhydrate.

Salus Recognized at M&A Advisor Turnaround Awards

Salus Capital was selected as the Lending Firm of the Year, and Kyle C. Shonak, EVP of Special Assets, was named Distressed M&A Dealmaker of the Year by The M&A Advisor.

Salus Capital Recognized for Forsyth Restructuring

Salus Capital Partners announced that the restructuring of the John Forsyth Shirt Company was named the M&A Advisor Retail Manufacturing/Distribution Deal of the Year.

Salus Capital Claims RadioShack Covenant Breach

RadioShack said it received notice from Salus Capital Partners claiming covenant breaches under its $250 million ABL facility provided by Salus and Cerberus Business Finance. RadioShack believes claims are wrong and self-serving.