Anna’s refinances with $80 million package
July 29, 2014,
Boston – Salus Capital Partners, LLC and Downtown Capital Partners, LLC announced $80 million in financing for Anna’s Linens.
The senior-secured credit facility will be used to refinance the debt held by the company’s current lender as well as for general purposes, according to a release from the financing organizations.
Andrew Moser, president and ceo of Salus Capital, said the package from his firm and Downtown Capital Partners provides Anna’s with “significant liquidity in a timely fashion.”
Salus Capital provides secured asset-based loans to the middle market. Downtown Capital Partners provides debt and equity solutions to middle-market companies.
Anna’s operates more than 300 stores and employs over 3,200 people.
Related Content By Author
TEN Collection Wows High Point Market
Home Textiles Today eDaily
Most Viewed Articles
See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs. Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.