Salus Capital Expands Senior-Secured Credit Facility for Mitchell Gold + Bob Williams
Financing to Support Ongoing Retail Store Expansion Plans
BOSTON, Feb. 20, 2015 /PRNewswire/ -- Salus Capital Partners, LLC, has increased its Senior-Secured Credit Facility for Mitchell Gold + Bob Williams up to $40 million as of December 2014. The Company will use the financing for working and growth capital for its ongoing retail store expansion plans.
Headquartered in North Carolina, Mitchell Gold + Bob Williams is an internationally acclaimed home furnishings luxury brand that sells its products in a growing chain of Mitchell Gold + Bob Williams Signature stores, through fine independent home furnishings and specialty retailers nationwide, as well as online and by catalog. Recently acquired by The Stephens Group, LLC, the company, co-founded by Chairman and Chief Executive Officer Mitchell Gold and President of Design Bob Williams in 1989, has established itself as a marquee name in the home furnishings retail space. Mitchell and Bob will continue to maintain their significant ownership position as well as operating the company.
About Salus Capital Partners, LLC
Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions.
For more information, please visit www.saluscapital.com
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SOURCE Salus Capital Partners, LLC
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