Citizens provided a $20 million revolving line of credit to New York-based luxury fashion retailer Oscar de la Renta.
Citizens led a $125 million asset-based revolving credit facility for Destination XL Group, an omnichannel specialty retailer of big and tall men’s apparel. Citizens is the sole lead arranger, sole bookrunner and administrative agent for the facility.
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.