Citizens provided a new $30 million asset-based revolving line of credit to Ross-Simons, a jewelry provider based in Cranston, RI. Citizens is the administrative agent, sole lead arranger and sole bookrunner for the facility.
Citizens is the lead left arranger of a $125 million asset-based loan for Virginia Beach, VA-based Franchise Group. This transaction refinances an existing asset-based loan for two of Franchise Group’s businesses.
Citizens Commercial Banking is serving as lead left arranger on a $150 million asset-based revolving credit facility for Steve Madden, a designer and marketer of footwear, accessories and apparel for women, men and children.
Citizens Commercial Banking acted as lead left arranger on a $150 million asset-based revolver for St. Ann, MO-based Moran Foods, the owner and operator of Save A Lot.