First Citizens Bank’s asset-based lending business, part of the bank’s commercial finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands.
First Citizens Bank’s asset-based lending business provided a credit facility to The Stepping Stones Group to accommodate the business’ seasonal working capital needs during the school year.
First Citizens Bank’s asset-based lending group, part of the CIT division, provided a revolving credit facility to Signature Brands, a Ocala, FL-based provider of dessert decoration and seasonal celebration products.
J.Jill completed the refinancing of its asset-based revolving credit facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL credit agreement with CIT as the administrative and collateral agent.
The asset-based lending business of CIT, a division of First Citizens Bank, provided a $35 million revolving credit facility to Utopia Deals.
CIT, a division of First Citizens Bank, hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.
CIT’s asset-based lending business served as lead arranger on financing for Kenneth Cole Productions, a men’s and women’s fashion brand.
CIT served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli, a provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho.
The asset-based lending business of CIT, a division of First Citizens Bank, arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund to facilitate the fund’s investments.
CIT’s asset-based lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited, an integrated workforce management platform provider.