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Citizens Commercial Banking Provides $42MM Credit Facility to Stoli Group

December 18, 2019, 08:55 AM
Filed Under: Specialty Industries

Citizens Commercial Banking announced that it is providing a $42 million asset-based credit facility to New York-based Stoli Group USA, an importer, marketer and distributor of Stolichnaya vodkas, along with other spirits and wines in the United States. Citizens is the sole lender.

“Citizens bankers are experienced, trusted advisors who bring great ideas to the table,” said Namita Malik, Chief Financial Officer of Stoli. “We highly value the advice and the results that the Citizens team delivers.”

“At Citizens, we try to think about the needs of our clients from their point of view and offer holistic solutions,” said Chapin Bates, Head of Metro NYC Region for Citizens. “Partnering with our Asset Based Lending product team, we were able to provide a great solution for Stoli Group that offered them a more flexible capital structure. Providing asset-based lending solutions is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle.”

Citizens is a trusted strategic and financial partner, consistently delivering clear and objective advice. The Citizens Commercial Banking approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.

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