First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $45 million revolving credit facility to creative materials distributor, MacPherson's.
 
MacPherson's is the largest creative materials distributor in North America, distributing over 50,000 products from over 200 brands to retailers worldwide. The company is headquartered in Suwanee, Georgia and maintains warehouses in both Suwanee and in Reno, Nevada.

"We appreciate the expertise of CIT Northbridge Credit and their agility in coming up with a financial package that will support our growth objectives," said Dave Schofield, chief executive officer of MacPherson's.

"MacPherson's is well-known in the creative materials industry for their expansive offerings, exclusive brands and talented leadership," said Neal Legan, who leads the team that advises CIT Northbridge Credit. "We look forward to working with MacPherson's and facilitating their strategic initiatives."