Salus Capital Partners has provided a $10 million senior-secured working capital facility to Bluefly, an online retailer of designer brands. The financing will be used to provide working capital for general corporate purposes.
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Salus Capital Partners, a subsidiary of Harbinger Group, has surpassed $250 million in new loan commitments since launching in January 2012. Salus has so far provided credit facilities to sixteen companies throughout North America.
Salus Capital Partners has backed HMX Group, a designer, manufacturer, and marketer of men’s and women’s business and leisure apparel. The financing will be used by HMX Group to provide working capital as the company operates under Chapter 11 of the US Bankruptcy Code.