CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $35 million revolving line of credit to Network Wireless Solutions (NWS), a provider of cable solutions and distributor of hardware infrastructure products.
“This financing supports our business operations as we continue to execute on our strategic vision,” Bill Elkin, chief operating officer and chief financial officer at NWS, said. “In choosing a financing partner, certainty of close and speed of execution were major deciding factors and CIT Northbridge Credit delivered on both.”
“NWS stands out in the rapidly-evolving wire and cable manufacturing industry for their innovative and custom-designed solutions for their clients,” Neal Legan, who leads the team that advises CIT Northbridge Credit, said. “We’re pleased to provide this financing to NWS, a company that is poised to benefit from future industry advancements.”
