House of Taylor Jewelry Inc. said it has secured a $30 million credit facility through New Stream Capital in a deal that also includes a $5.8 million equity financing.

Los Angeles-based House of Taylor is an international jewelry company whose principal shareholders include entities owned by Elizabeth Taylor and Kathy Ireland. The deal with Ridgefield, Conn.-based New Stream consists of a three-year, $5 million term loan and a $25 million revolving line of credit. The company will pay off $9.6 million in convertible notes with part of the money.

The company also announced Monday that Chief Financial Officer Bob Rankin has assumed the additional role of chief operating officer.

“I particularly appreciate Bob’s focused role in leading and delivering on this critical financing plan since he joined the company earlier this year,” Chief Executive Jack Abramov said in a statement Monday. “Bob will focus on further strengthening our infrastructure and overseeing daily operations so I and my team can continue to develop and capture international and domestic revenue opportunities for the company.”

House of Taylor shares, which gained 2 cents on Monday, were down 6 cents to 81 cents at midday Tuesday on the Nasdaq.