Daily News: December 5, 2017

Blue Hills Closes ABL Facility for Marshall Pierce


Blue Hills Bank closed a senior credit facility with Marshall Pierce, a Chicago-based retailer of fine timepieces and jewelry.

Blue Hills’ Asset-Based Lending Group, led by Senior Vice President Keith Broyles, provided the facility, allowing Marshall Pierce to refinance a portion of its existing senior debt and support its future working capital needs.

“Working with Blue Hills Bank has been a pleasure,” said Jerry Bern, president of Marshall Pierce. “They have an understanding of my business and the needs and challenges that I face and have been easy to work with and very accommodating.”