GLENWILLOW, Ohio--(EON: Enhanced Online News)--Dots, the fashion specialty apparel retailer, announced today that it has closed on a new four-year $51.0 million senior secured credit facility and term loan from Salus Capital Partners, LLC. The company expects that the funds secured through this refinancing will provide adequate liquidity to meet the company’s anticipated future operating needs.
Dots is a specialty store offering women’s fashion apparel and accessories at value prices. Dots prides itself in making looking good fashionable, fun, and achievable for multiple occasions. The company operates over 400 off-mall stores in 28 states, primarily in the Midwest, East and Southeast, and offers a wide variety of women’s clothing and accessories.
About Salus Capital Partners
Salus Capital Partners provides secured asset-based loans to the lower and middle markets across a variety of industries with additional complementary financing throughout the capital structure. Salus Capital Partners is a direct originator of senior secured asset-based loans across North America and abroad with target transaction size ranges from $5 to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. As an SEC registered advisor, the Salus Capital Partners 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. For additional information about Salus Capital Partners, please visit www.saluscapital.com.