03/05: CIT Group Provides Financing to Sean John for Expansion of Domestic and International Licenses
CIT Group, a company that provides financialing to small and middle market companies, has provided a senior structured credit facility to Sean John parent Christian Casey LLC, which the company will use to expand it's domestic and international licenses.
"Our expertise in the apparel and retail market allowed us to structure a credit facility that provides Sean John with liquidity through an asset-based lending facility against its trademarks and other intangible assets," ion said John Daly, President of CIT Trade Finance in a press release. "We have worked closely with the Sean John team over the past seven years and we look forward to further building this relationship in the future."
Jeffrey Tweedy, Executive Vice President of Sean John, said, "Our relationship with CIT has allowed us to build the Sean John business into one of the most dominant sportswear brands in America. CIT's continued support will allow us to grow our business both domestically and internationally while it simultaneously provides us with flexibility to react to opportunities in the marketplace."
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