Betteridge Receives Refinancing

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.

JCK News Director