Daily News: December 13, 2013

TD Bank ABL Group Chosen by Long’s Jewelers for Expansion

TD Bank announced that its ABL Group was recently chosen by Long’s Jewelers to be its preferred lender as it plans to grow and expand its footprint.

Long’s, a 135-year-old, family-owned and operated jeweler serving the Greater Boston region, sought a credit facility that would maximize its borrowing ability to facilitate possible expansion opportunities. TD Bank’s team of ABL experts, led by Dean Whalen and Don Cavanagh, worked with Long’s to create a facility providing for capital expenditure and growth needs of the business. The amount and terms of the financing were not disclosed.

Joseph Nemia, head of ABL at TD Bank, commented, “Long’s is an icon in the Boston region, and we’re excited to help a home-grown business as they seek to expand. We look forward to a strong and successful relationship as their financial partner.”

“TD Bank was a great fit for our business for lots of reasons,” said Craig Rottenberg, president of Long’s Jewelers. “From the very beginning, our relationship has been extremely positive and we’re glad we made the decision to partner with TD.”