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Citizens Commercial Banking Leads $150MM Credit Facility for Steve Madden

July 29, 2020, 08:00 AM
Filed Under: Apparel

Citizens Commercial Banking announced that it is lead left arranger of a $150 million asset-based revolver for Steve Madden, a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children.

“We appreciate the opportunity to work with the Citizens team whose strong personal commitment has been felt throughout this process,” said Edward Rosenfeld, Chief Executive Officer of Steve Madden. “Citizens bankers are experienced, trusted advisors and we greatly value the advice and results that the Citizens team delivers.”

“At Citizens, we think about the needs of our clients from their point of view and offer a range of possible options,” said Jaime Ward, Head of Retail Finance at Citizens. “In this case, we were able to provide a great solution for Steve Madden that offered the company a more flexible capital structure. Providing asset-based lending solutions is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”

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