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Salus Capital Partners Surpasses $800 Million In New Loan Commitments

Stocks in this article: HRG

Salus Capital Partners, LLC, an SEC Registered Investment Advisor and subsidiary of Harbinger Group Inc. (NYSE: HRG), announced that it has surpassed $800 million in loan commitments since inception. The $800 million in loan commitments represents approximately 40 transactions in total, with 15 transactions closed and funded since January 2013. Representative transactions include Kid Brands, Inc. (NYSE:KID), dELiA*s, Inc. (NASDAQ: DLIA), Summer Infant, Inc. (NASDAQ:SUMR), Mitchell Gold + Bob Williams, Scott Kay, Inc., and Kitson. The Salus Capital platform serves a broad array of industries including specialty retail, jewelry, manufacturing, energy services, transportation, retail and wholesale apparel and health and wellness.

“We take great pride in having worked with many wonderful people since forming Salus Capital while assembling a great team and earning the trust of our investors,” stated Andrew H. Moser, President of Salus Capital Partners, LLC. “Above all, Salus creates capital solutions to unlock liquidity for our borrowers with a keen focus on tireless execution while maintaining a unique sense of adaptability.”

About Salus Capital Partners, LLC

Salus Capital is a direct originator of senior-secured asset-based loans across North America and abroad. Target transaction sizes range from $3 to $35 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform also serves as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior-secured lending. Customized solutions include, but are not limited to, growth capital, acquisition finance, dividend recaps, Debtor-In-Possession finance and general working capital. For additional information about Salus Capital, please visit www.saluscapital.com.

Copyright Business Wire 2010

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