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.