The fashion specialty apparel retail firm, Dots, announced last Friday it had recently received USD51 million in refinancing from Salus Capital Partners. The four year deal is for a senior secured credit facility covering the said amount together with a term loan from the hedge firm.

Dots ia a portfolio company of Irving Capital and projects the funds would provide adequate liquidity to reach the company's anticipated operating needs in the future.  The company is a specialty store which offers women's fashion apparel as well as accessories at reasonable value prices. The company has 400 stores in 28 states, located primarily in the Midwest, Southeast and Eastern United States.

Salus Capital Partners provides asset based loans to a variety of industries with additional financing using the capital structure. The partnership provides senior secured asset-based loans with sizes ranging between USD5 million to USD50 million. The firm has the ability to provide larger loans up to USD100 million and syndicate larger transactions.