CIT Northbridge Provides $55 Million in Exit Financing to National CineMedia LLC
- First Citizens Bank's $55 million credit facility will support National CineMedia's emergence from bankruptcy, allowing them to continue providing advertising solutions and data technology to customers.
- None.
National CineMedia operates the largest national cinema advertising platform in
"We appreciate the streamlined financing process employed by CIT Northbridge," said Ronnie Ng, Chief Financial Officer at National CineMedia, Inc. "CIT Northbridge understands our unique market position and developed financing tailored to our needs and our renewed focus on providing best-in-class advertising solutions and innovative data technology to our customers."
"National CineMedia's strategic growth plans are reinforced by their nationwide footprint, competitive service offerings and strong industry partnerships," said Neal Legan, who leads the team that advises CIT Northbridge. "We are pleased to provide this financing to support National CineMedia's business endeavors."
CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by First Citizens Institutional Asset Management, it provides revolving and term loan commitments from
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
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SOURCE CIT, a division of First Citizens Bank