Hampshire Group obtains $50mn credit facility from Salus
28 Sep '13
1 min read
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.
Hampshire Group, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo #
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.
Hampshire Group, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo #
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.
Hampshire Group, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo #
“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.
Hampshire Group, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo #
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, Limited, a leading provider of sportswear announced that the Company has refinanced its existing credit facility with Wells Fargo #
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