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Citizens Bank Leads Lenders in $60MM Facility to Rogers Enterprises

September 24, 2015, 08:04 AM
Filed Under: Retail

Citizens Bank announced it has provided a $60 million senior secured credit facility for Matteson, Ill.-based Rogers Enterprises, Inc., owner of a jewelry chain with 77 locations. Citizens acted as sole lead arranger of the $60 million asset-based loan through its retail finance group.

“We are pleased to be able to help the Rogers Enterprises, Inc. management team meet their strategic and financial goals,” said Chris Carmosino, president of Business Capital for Citizens.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $137.3 billion in assets as of June 30, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.

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