Daily News: May 1, 2014

The PrivateBank Provides $30.66MM Financing to Arandell

The PrivateBank announced it extended $30.66 million in credit facilities to Arandell. Founded in 1922 and headquartered in Menomonie Falls, WI, Arandell is a retail catalog printing company that also provides design, direct marketing, database management and mobile solutions to its customers.

Chris Riegg, partner at Promontory Point Capital and financial advisor to the company, said The PrivateBank’s ability to offer creative solutions was instrumental in securing the financing.

“What impressed us most about The PrivateBank is how they stepped up prior to closing, Riegg said. “When our client needed additional financial support to achieve their objectives, The PrivateBank quickly delivered alternatives to address Arandell’s needs. As Arandell’s financial advisor, this gave us confidence that our firm had recommended the right institution to lead our client’s financing.”