CIT Northbridge Credit served as sole lead arranger on a $50 million senior secured revolving credit facility for CITIES Market Studios.
Based in Minneapolis, CITIES is a global consumer product and retail strategy company that collaborates with retailers, brands and inventors to develop and execute strategies, products and programs for digital and physical markets.
“We greatly appreciated the agility and expertise of CIT Northbridge in arranging this asset-based credit facility that will empower us to continue to manage and grow our business,” Marty Hawk, CEO of CITIES Market Studios, said.
“CITIES Market Studios has a proven track record of working closely with leading retailers and supporting clients across a wide range of product categories, including video games,” Neal Legan, who leads CIT Northbridge Credit, said. “We are pleased to work with them to arrange a credit facility that meets their needs and supports their strategy.”