CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $30 million revolving credit facility to Ice Services, a distributor of cellular phones and related wireless items and services.
“We appreciate the focused effort and expertise of CIT Northbridge in putting together this financing,” Ed Olomon, chief financial officer at Ice Services, said. “The credit facility will allow Ice Services to enhance our operations with growth on the horizon as we head into 2025.”
“We are pleased to support Ice Services with this credit facility, which underscores CIT Northbridge’s commitment to empowering growth-oriented businesses in the telecommunications sector,” Neal Legan, who leads the team that advises CIT Northbridge, said. “Ice Services has a proven track record as a leader in cellular distribution, and we are confident that this financing will provide the flexibility they need to drive their strategic objectives and expand their market presence.”
