Samuels Jewelers arranges $100 million credit facility via GE Capital

By Toni Weeks

San Luis Obispo, Calif., Oct. 7 - Samuels Jewelers obtained a $100 million senior secured credit facility, according to a press release from GE Capital, Corporate Retail Finance, the lender and administrative agent for the facility.

GE Capital Markets served as lead arranger.

Proceeds will be used to refinance existing debt and support ongoing working capital needs.

The jewelry retailer is based in Austin, Texas.

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