CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $45 million revolving credit facility to creative materials distributor, MacPherson’s.
“We appreciate the expertise of CIT Northbridge Credit and their agility in coming up with a financial package that will support our growth objectives,” Dave Schofield, CEO of MacPherson’s, said.
“MacPherson’s is well-known in the creative materials industry for their expansive offerings, exclusive brands and talented leadership,” Neal Legan, who leads the team that advises CIT Northbridge Credit, said. “We look forward to working with MacPherson’s and facilitating their strategic initiatives.”
