Citizens Commercial Banking is providing a $42 million asset-based credit facility to New York-based Stoli Group USA, an importer, marketer and distributor of Stolichnaya vodkas, along with other spirits and wines in the U.S. Citizens is the sole lender.
“Citizens bankers are experienced, trusted advisors who bring great ideas to the table,” said Namita Malik, CFO of Stoli. “We highly value the advice and the results that the Citizens team delivers.”
“At Citizens, we try to think about the needs of our clients from their point of view and offer holistic solutions,” said Chapin Bates, head of Metro NYC Region for Citizens. “Partnering with our Asset Based Lending product team, we were able to provide a great solution for Stoli Group that offered them a more flexible capital structure.”
