Greenwich, Conn.–based Betteridge Jewelers has received $25 million in refinancing from Monroe Capital.
The money from the asset-backed loan will be used for expansion in diamonds, to launch Betteridge-brand handcrafted jewelry, and other potential acquisition opportunities, said Paul F. Warley, president of Warley & Company, which acted as financial advisor.
The lender was drawn to the 120-year-old business’s strong brand and collateral value of the business, Warley said.
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