First citizens bank arranges $75 million in financing for turning point brands

New york , nov. 30, 2023 /prnewswire/ -- first citizens bank today announced that its asset-based lending business, part of the bank's commercial finance group, served as co-collateral agent on $75 million in financing for branded consumer products company turning point brands inc. based in louisville, kentucky, turning point brands is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its zig-zag and stoker's brands. turning point brand's products are available online and in more than 215,000 retail outlets in north america.
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