Daniel’s Jewelers, a 105 store nationwide jewelry retailer serving a growing and diverse customer base, closed on a new senior credit facility provided by SLR Credit Solutions.

Proceeds of the new credit facility have been used to refinance Daniel’s existing debt and provide the company with greater flexibility for growth opportunities. Daniel’s, a portfolio company of Palladium Equity Partners, a middle-market private equity firm, has a footprint that stretches from California to Florida along with an e-commerce platform that is poised for profitable growth.

“We are excited about this new financing partnership with SLR, as it will facilitate our continued growth and expansion. There are so many opportunities in our industry and partnering with seasoned veterans who understand retail jewelry is a great luxury,” said David Sherwood, Chief Executive Officer of Daniel’s and grandson of the founder. “We are actively collaborating with a variety of industry stakeholders to capture the exciting market opportunity we see ahead with the growing and diverse demographic – mostly Hispanic – that we have served for decades.”

Rob Burns, Principal of SLR Capital Partners, said, “Having been in business for over 75 years, Daniel’s Jewelers has built a well-respected brand with a loyal customer base across a growing geographic footprint and is led by an experienced management team. We are excited to partner with Palladium and Daniel’s and look forward to supporting the company in its next stage of growth.”

"SLR is a natural partner for Daniel’s Jewelers given our depth of knowledge and experience in the retail, consumer products, and specialty finance sectors, and we are thrilled to be a part of the company’s continued success," added Michael Stavrakos, Managing Director at SLR Credit Solutions.

Daniel’s Jewelers was advised by ECS Debt Advisory in the refinancing transaction.