Citizens Commercial Banking provided a new $35 million credit facility to Cranston, RI-based Luxury Brand Holdings, a specialty retailer of fine jewelry operating under the Ross-Simons and Sidney Thomas brands.

Citizens served as the sole lead arranger.

The new credit facility will be used by Luxury Brand Holdings as working capital and for general corporate growth purposes.

“LBH has enjoyed a long relationship with the team at Citizens, and we are happy to have expanded our partnership with this new facility,” said Jim Speltz, president of Luxury Brand Holdings. “Citizens bankers are trusted strategic and financial advisers who consistently deliver clear and objective advice that has helped us enhance our business.”

“At Citizens, we think about the needs of our clients from their point of view and offer holistic solutions that deliver the combined strength of the entire bank,” said Chris Carmosino, head of Business Capital at Citizens Bank. “Providing asset-based lending credit facilities is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle.”