Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance investment firm Kian Capital’s recapitalization of Charles Products.
Founded in 1952, Charles Products provides specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations and other gift shops. It offers a broad range of custom products with unique themed programs.
“We are excited to partner with the team at Kian Capital. Charles Products is a leader in this segment of the specialty merchandise industry. CEO Glen Heitmann and the rest of management have positioned the company for continued strong performance,” said Dan Delgadillo, senior vice president of Byline Bank’s Sponsor Finance Group.
Byline was represented by Duane Morris on the transaction.
Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. It has approximately $4.9 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas.
