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DOTS HAS NEW $51MN FACILITY: Women’s value-priced specialty store Dots has secured a $51 million senior-secured credit facility with Salus Capital Partners. The financing will be used to refinance existing indebtedness and provide working capital for general corporate purposes.
Dots operates more than 400 off-mall stores in 28 states in the Midwest, East and Southeast.
Timothy R. Tobin, senior managing director, originations and corporate development for Salus Capital, said: “The Salus team spent a considerable amount of time listening to the unique needs of the company and its supportive equity sponsor and customized a facility that unlocked liquidity in the company’s assets.”