Betteridge Jewelers, Inc., a Greenwich, Connecticut-based premier jeweler and watch retailer, received a $25m asset-based facility.
Chicago, IL-based Monroe Capital acted as sole lead arranger and administrative agent on the funding.
The financing will be used to refinance the existing debt facility and provide working capital.
Founded in 1897, Betteridge Jewelers is jeweler and watch retailer selling many of the world’s most luxurious brands. The company operates stores in Greenwich, Connecticut; Palm Beach, Florida; Vail, Colorado; and Aspen, Colorado.