First Citizens Bank Arranges Credit Facility Upsize for SG Credit Partners' ABL Verticals
First Citizens Bank has upsized the credit facility for SG Credit Partners' asset-based lending verticals, SG Consumer Products and SG Commercial Finance. This increase supports SG Credit's recent addition of its Commercial Finance division and broader growth strategy. SG Credit Partners, a family-office backed lender, operates three verticals: Software + Technology, Consumer Products, and Commercial Finance.
The First Citizens Asset-Based Lending team has a long-standing relationship with SG Credit. Ryan Woody, COO at SG Consumer Products, praised First Citizens ABL for their expertise and agility in arranging additional financing. Chris Esposito, managing director at First Citizens Asset-Based Lending, expressed satisfaction in supporting SG Credit's growth trajectory.
First Citizens Bank ha aumentato la disponibilità creditizia per i settori di prestito basati sugli attivi di SG Credit Partners, ovvero SG Consumer Products e SG Commercial Finance. Questo incremento supporta la recente aggiunta della divisione Commercial Finance da parte di SG Credit e la sua strategia di crescita più ampia. SG Credit Partners, un prestatore sostenuto da una family office, opera in tre settori: Software + Tecnologia, Prodotti di Consumo e Finanza Commerciale.
Il team di Prestiti Basati sugli Attivi di First Citizens ha una lunga storia di collaborazione con SG Credit. Ryan Woody, COO di SG Consumer Products, ha elogiato First Citizens ABL per la loro esperienza e agilità nell'organizzare finanziamenti aggiuntivi. Chris Esposito, direttore generale di First Citizens Asset-Based Lending, ha espresso soddisfazione nel supportare la traiettoria di crescita di SG Credit.
First Citizens Bank ha aumentado la línea de crédito para los verticales de préstamos basados en activos de SG Credit Partners, SG Consumer Products y SG Commercial Finance. Este aumento apoya la reciente incorporación de la división de Finanza Comercial de SG Credit y su estrategia de crecimiento más amplia. SG Credit Partners, un prestamista respaldado por una oficina familiar, opera en tres verticales: Software + Tecnología, Productos de Consumo y Finanza Comercial.
El equipo de Préstamos Basados en Activos de First Citizens tiene una relación de larga data con SG Credit. Ryan Woody, COO de SG Consumer Products, elogió a First Citizens ABL por su experiencia y agilidad en la organización de financiamiento adicional. Chris Esposito, director general de First Citizens Asset-Based Lending, expresó su satisfacción por apoyar la trayectoria de crecimiento de SG Credit.
퍼스트 시티즌스 은행이 신용 한도를 확대했습니다 SG 크레딧 파트너스의 자산 기반 대출 부문, SG 소비자 제품, SG 상업 금융을 위해 이 증가는 SG 크레딧의 상업 금융 부서 추가와 더 넓은 성장 전략을 지원합니다. 가족 사무소의 지원을 받는 대출 기관인 SG 크레딧 파트너스는 소프트웨어 + 기술, 소비자 제품 및 상업 금융의 세 가지 분야에서 활동하고 있습니다.
퍼스트 시티즌스 자산 기반 대출 팀은 SG 크레딧과 오랜 관계를 유지해왔습니다. SG 소비자 제품의 COO인 라이언 우디는 퍼스트 시티즌스 ABL의 전문성과 추가 자금 조달을 위한 민첩성에 대해 칭찬했습니다. 퍼스트 시티즌스 자산 기반 대출의 관리 이사인 크리스 에스포지토는 SG 크레딧의 성장 궤적을 지원하게 되어 만족스럽다고 표현했습니다.
First Citizens Bank a augmenté la ligne de crédit pour les secteurs de prêt basé sur les actifs de SG Credit Partners, SG Consumer Products et SG Commercial Finance. Cette augmentation soutient l'ajout récent de la division Finances Commerciales de SG Credit et sa stratégie de croissance plus large. SG Credit Partners, un prêteur soutenu par une family office, opère dans trois secteurs : Logiciels + Technologie, Produits de Consommation et Finances Commerciales.
L'équipe de Prêts Basés sur les Actifs de First Citizens a une relation de longue date avec SG Credit. Ryan Woody, COO de SG Consumer Products, a loué First Citizens ABL pour son expertise et son agilité dans l'organisation de financements supplémentaires. Chris Esposito, directeur général de First Citizens Asset-Based Lending, a exprimé sa satisfaction à soutenir la trajectoire de croissance de SG Credit.
Die First Citizens Bank hat die Kreditlinie erhöht für die asset-basierten Kreditierungsbereiche von SG Credit Partners, SG Consumer Products und SG Commercial Finance. Diese Erhöhung unterstützt die jüngste Hinzufügung der Commercial Finance-Abteilung von SG Credit sowie deren breitere Wachstumsstrategie. SG Credit Partners, ein von einer Family Office unterstützter Kreditgeber, ist in drei Bereichen tätig: Software + Technologie, Konsumgüter und kommerzielle Finanzierung.
Das Team für Asset-Based Lending der First Citizens Bank hat eine langjährige Beziehung zu SG Credit. Ryan Woody, COO von SG Consumer Products, lobte First Citizens ABL für deren Fachwissen und Agilität bei der Organisation zusätzlicher Finanzierungen. Chris Esposito, Geschäftsführer von First Citizens Asset-Based Lending, äußerte seine Zufriedenheit, SG Credits Wachstumsweg zu unterstützen.
- Upsizing of credit facility to support SG Credit Partners' growth
- Addition of Commercial Finance division to SG Credit's portfolio
- Long-standing relationship between First Citizens Bank and SG Credit Partners
- Expansion of SG Credit's lending verticals
- None.
Insights
The upsizing of SG Credit Partners' credit facility by First Citizens Bank is a positive development for both entities. This expansion supports SG Credit's growth strategy, particularly its new Commercial Finance division. For investors, this signals increased lending capacity and potential revenue growth for SG Credit Partners.
The deal highlights First Citizens Bank's strong position in the asset-based lending market, especially in lender finance. This could translate to
However, investors should note that while this expansion indicates growth, it also implies increased risk exposure for First Citizens Bank. The success of this upsized facility will depend on SG Credit's ability to maintain a quality loan portfolio in its new verticals.
This credit facility upsize reflects a broader trend in the financial sector towards specialized lending platforms. SG Credit's focus on sponsor-backed CPG companies and the lower middle market demonstrates a strategic approach to niche market opportunities.
The expansion into Commercial Finance suggests SG Credit is diversifying its portfolio, which could provide more stable revenue streams. For the market, this move indicates growing confidence in the lower middle market and consumer products sectors.
Investors should monitor how this expansion affects SG Credit's risk profile and returns. The success of this strategy could potentially influence other lenders to adopt similar specialized approaches, reshaping competition in the asset-based lending space.
The upsize increases the credit facility to support SG Credit's recent addition of its Commercial Finance division as part of its broader growth strategy of focusing on new lending verticals. SG Credit Partners is a family-office backed lender with a broad credit platform consisting of three verticals: Software + Technology, Consumer Products and Commercial Finance.
The First Citizens Asset-Based Lending team has worked closely with SG Credit over several years to support their financing needs. "First Citizens ABL is well known as a premier bank with strong lender finance capabilities," said Ryan Woody, COO at SG Consumer Products. "We appreciated their expertise and agility in arranging additional financing capacity to meet our unique requirements."
"SG Credit Partners is continuing its growth trajectory, leveraging its proven ability to develop a well-structured portfolio," said Chris Esposito, managing director and group head for First Citizens Asset-Based Lending. "We're pleased to continue supporting them as they advance toward their business objectives."
First Citizens' Asset-Based Lending business works to meet clients' working capital needs by offering innovative structures that can help reduce funding costs and lower operational risks while helping to improve earnings by leveraging accounts receivable, inventory or fixed assets as collateral.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran2@firstcitizens.com
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SOURCE First Citizens Bank
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