09/22/2015
Citizens Bank Leads $60 Million Senior Secured Credit Facility for Rogers Enterprises, Inc.
Asset-based loan will be used by Illinois-based jewelry chain owner for general corporate purposes
CHICAGO – Citizens Bank announced today that 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 in asset-based financing 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.
For more information on commercial bank loans and how Citizens can help businesses meet their goals, visit the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
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 Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid‐Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. 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.
Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
