Cit increases lending facility for fashion company to $100 million

New york , aug. 3, 2022 /prnewswire/ -- cit commercial services, a subsidiary of first citizens bank, today announced that it increased a new york-based fashion company's discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children's apparel. the fashion company, a longtime client of cit, focuses on designing, importing and distributing apparel, handbags and accessories.
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