Citizens led a new $125 million asset-based revolving credit facility for Destination XL Group, an omni-channel specialty retailer of big and tall men's apparel. Citizens is sole lead arranger, sole bookrunner and administrative agent.
 
“Our Citizens bankers are excellent strategic and financial partners who worked closely with us throughout the pandemic,” said Harvey Kanter, CEO of Destination XL Group. “We look forward to continuing to work closely with our Citizens team and we value their advice and commitment to our long-term success.”

“Our team was able to provide an attractive new capital structure that will allow the Destination XL Group to meet their strategic objectives,” said Jaime Ward, head of retail finance, Citizens. “Providing asset-based revolvers is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”