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The PrivateBank Provides $30.7MM Credit Facility to Arandell Corp.

May 01, 2014, 07:34 AM
Filed Under: Publishing

The PrivateBank announced it has extended $30.66 million in credit facilities to Arandell Corp. Founded in 1922 and headquartered in Menomonie Falls, Wisconsin, Arandell is an industry-leading retail catalog printing company that also provides design, direct marketing, database management and mobile solutions to its customers.

Chris Riegg, Partner at Promontory Point Capital and financial advisor to the company, said The PrivateBank’s ability to offer creative solutions was instrumental in securing the financing.

“What impressed us most about The PrivateBank is how they stepped up prior to closing," Riegg said. “When our client needed additional financial support to achieve their objectives, The PrivateBank quickly delivered alternatives to address Arandell’s needs.  As Arandell’s financial advisor, this gave us confidence that our firm had recommended the right institution to lead our client’s financing.”

The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of March 31, 2014, the company had 33 offices in 10 states and $14.3 billion in assets.

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