Salus Capital Partners Surpasses $800 Million in New Loan Commitments

  Salus Capital Partners Surpasses $800 Million in New Loan Commitments

Business Wire

BOSTON -- June 26, 2013

Salus Capital Partners, LLC, an SEC Registered Investment Advisor and
subsidiary of Harbinger Group Inc. (NYSE: HRG), announced that it has
surpassed $800 million in loan commitments since inception. The $800 million
in loan commitments represents approximately 40 transactions in total, with 15
transactions closed and funded since January 2013. Representative transactions
include Kid Brands, Inc. (NYSE:KID), dELiA*s, Inc. (NASDAQ: DLIA), Summer
Infant, Inc. (NASDAQ:SUMR), Mitchell Gold + Bob Williams, Scott Kay, Inc., and
Kitson. The Salus Capital platform serves a broad array of industries
including specialty retail, jewelry, manufacturing, energy services,
transportation, retail and wholesale apparel and health and wellness.

“We take great pride in having worked with many wonderful people since forming
Salus Capital while assembling a great team and earning the trust of our
investors,” stated Andrew H. Moser, President of Salus Capital Partners, LLC.
“Above all, Salus creates capital solutions to unlock liquidity for our
borrowers with a keen focus on tireless execution while maintaining a unique
sense of adaptability.”

About Salus Capital Partners, LLC

Salus Capital is a direct originator of senior-secured asset-based loans
across North America and abroad. Target transaction sizes range from $3 to $35
million, with the ability to hold up to $100 million and to syndicate larger
transactions. The Salus Capital platform also serves as an asset manager for
like-minded institutional investors such as community and regional banks,
insurance companies, family offices, private equity funds and hedge funds who
may lack the infrastructure and dedicated competency within senior-secured
lending. Customized solutions include, but are not limited to, growth capital,
acquisition finance, dividend recaps, Debtor-In-Possession finance and general
working capital. For additional information about Salus Capital, please visit
www.saluscapital.com.

Contact:

BackBay Communications
Miles Hill, 212-520-1385 x3
miles.hill@backbaycommunications.com
 
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