CIT’s asset-based lending business served as lead arranger on financing for Kenneth Cole Productions, a men’s and women’s fashion brand.
Headquartered in New York City and founded in 1982, Kenneth Cole Productions produces fashion products spanning the footwear, handbag, apparel and fragrance categories. The company will use this new financing – which was arranged by CIT with participation from WhiteHawk Capital Partners –to refinance existing debt and to support future growth opportunities.
“With the global pandemic receding, Kenneth Cole Productions is well positioned for growth due to the continuing strength of consumer spending and demand for branded products,” Andrew Stokoe, CFO of Kenneth Cole Productions, said. “We appreciate CIT’s expertise in arranging this financing that will help us achieve our strategic business objectives.”
“Kenneth Cole is an internationally recognized brand with strong performance and potential across a number of product categories,” Chris Esposito, managing director and group head for CIT’s asset-based lending business, said. “We were pleased to assist them in arranging this financing.”
