GB Credit Partners Provides $15 Million Term Loan to Diamonds Direct
Boston, MA - GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced today that is has provided a $15 million term loan behind the senior credit facility to Diamonds Direct. Diamonds Direct is a direct importer and retailer of diamonds and diamond jewelry with 5 retail locations in the southern U.S. This financing will be used as working capital and is supported by the Company’s assets. GB Credit Partners leveraged the 110 years of jewelry industry expertise of its parent company, Gordon Brothers Group, in valuing the collateral to support the financing for Diamonds Direct.
About GB Credit Partners
GB Credit Partners (www.gbcredit.com), the investment management affiliate of Gordon Brothers Group (www.gordonbrothers.com), originates, structures and invests in private market debt. Debt investments are made in the form of senior, unitranche, second lien or mezzanine loans. Loans ranging from $10 to $150 million enable middle-market companies to effect strategic change. Investments are made across 25 industries within five majors sectors: consumer, commercial & industrial, financial services, intellectual property and real estate.