Salus Capital Partners, LLC, announced it has provided a $20 million senior secured credit facility to Worldwise, Inc. The financing will be used to refinance its current lender and for general corporate purposes.

Founded in 1990 and acquired by Mistral Equity Partners in 2011, Worldwise is a leading manufacturer and supplier of innovative pet accessories, serving the nation’s leading retailers for over 20 years. Worldwise products are manufactured from recycled, reclaimed, renewable, and certified organic resources and are sold in more than 30,000 stores under the SmartyKat, TrustyPup, Petlinks, and PoochPlanet brands.

“When we met with Salus, they quickly understood exactly what we needed, and were able to structure a financing solution that will enable Worldwise to execute on its strategic plan and growth initiatives,” said Jeffrey Ginsberg, Managing Director of Mistral Equity Partners.

“Their focused approach understanding our business and how best to support our expansion plans exemplifies their entrepreneurial approach to middle-market lending,” added Kevin Fick, Chief Executive Officer of Worldwise, Inc.

“This credit facility highlights Salus Capital’s alignment with an active private equity sponsor in the consumer sector,” said Marc S. Price, Executive Vice President, Loan Originations and Corporate Strategy at Salus Capital. “The leadership of Worldwise’s experienced management team and the meaningful support of Mistral Equity Partners gave us great comfort and confidence in the business. This financing will provide Worldwise with the liquidity it needs to execute its growth plans.”

Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 million to $50 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.