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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
CIT Commercial Services Provides Up to $48MM in Financing to Crown Crafts
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Lenders/Participants
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CIT Commercial Services [Lender]
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Structure
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$40MM Revolving Line of Credit; $8MM Term Loan
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Amount
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$48.000
Million
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Borrower(s)
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Crown Crafts Inc.
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Description
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The financing, which included a $5 million upsize to a $40 million committed ABL revolving line of credit and a $8 million term loan, was used in part by Crown Crafts to facilitate its recent acquisition of the assets of Baby Boom Consumer Products, a leading provider in the toddler bedding and diaper bag categories. In addition to the financing provided, Crown Crafts also utilizes the industry-leading factoring services provided by CIT.
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Industry
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Consumer Products
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Location
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LA
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| Related Tags |
CIT Commercial Services, Consumer Products, First Citizens Bank
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ABL Advisor
Deal Tables
2024
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