Namco LLC got a $20 million loan from a Boston lender to finance operations for the Manchester regional retailer of home swimming pool supplies and other recreational accessories.
Salus Capital Partners LLC announced Wednesday the senior-secured credit facility that it says Namco will use as working capital and for general corporate purposes. Specific terms weren’t disclosed.
Namco President and CEO Mark Scott also didn’t elaborate in Salus’ statement announcing the financing. Namco couldn’t be immediately reached Wednesday for comment.
Namco has dozens of swimming-, patio- and billiards-supply superstores in the Northeast and Mid-Atlantic region, 10 of which are in Connecticut.
