Salus Capital Partners has provided $25 million in debt financing to furniture company The Mitchell Gold Co. The financing will be used for working capital and general corporate purposes.
Salus Capital Partners, LLC announced it has provided a $25 million Senior-Secured Credit Facility to The Mitchell Gold Co., d/b/a Mitchell Gold + Bob Williams, a leading full-line provider of premium branded home and hospitality furnishings, supplying consumers with a broad array of comfortable and stylish products. The financing will be used to provide working capital for general corporate purposes.
“Both Bob and I, and our partners at Wafra, are pleased to enter into this new arrangement with such a highly-professional lending group like Salus. This gives us the opportunity to operate more efficiently and effectively, and maximize our growth plans,” said Mitchell Gold, Co-Founder and Chairman of Mitchell Gold + Bob Williams.
“Salus has a proven track record of enabling companies to make the most of their opportunities so we are certainly pleased to have been able to work out this new arrangement ,” said Eric Norfleet, Managing Director of Wafra Partners.
“To be partnering with Mitchell, Bob, and Wafra Partners on this financing is truly a privilege for us at Salus Capital Partners,” said Marc S. Price, Senior Vice President, Loan Originations and Corporate Strategy of Salus Capital Partners. “Since the inception of the company, Mitchell and Bob have remained committed in their approach of furniture design with an emphasis on delivering comfortable and stylish home furnishings for a reasonable price. This emphasis has been instrumental in their success and is aligned perfectly with our dedicated and customized product offering for the furniture industry.”