Home / Knowledge / News / Apparel/Garments / Hampshire Group obtains $50mn credit facility from Salus
Hampshire Group obtains $50mn credit facility from Salus
28
Sep '13
Hampshire Group, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo with a new $50.0 million, three-year credit facility from Salus Capital Partners, LLC. 
 
The credit facility consists of a $3 million term loan and a $27 million revolving credit facility, with an accordion feature which permits an increase up to a $47 million revolving credit facility at the Company’s option, subject to certain further conditions. 
 
The Salus Capital facility will provide Hampshire Group with significantly more liquidity as compared to Hampshire’s current financing arrangements. Proceeds from the Salus Capital facility will be used to finance working capital and for general corporate purposes.
 
“Salus Capital Partners brings significant experience in the apparel industry which will provide Hampshire Group the flexibility we need to navigate the current environment,” said Paul M. Buxbaum, Chairman and CEO of Hampshire Group.
 
About Hampshire Group
Hampshire Group, Limited along with its wholly-owned subsidiaries, Hampshire Brands, Inc. and Rio Garment S.A., is a provider of fashion apparel across a broad range of product categories, channels of distribution and price points. 
 

Hampshire Group

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search