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Citizens Provides $30MM Asset-Based Revolving Line of Credit to Ross-Simons - News

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Citizens Provides $30MM Asset-Based Revolving Line of Credit to Ross-Simons
December 23, 2020, 09:00 AM
Citizens announced today that it has provided a new $30 million asset-based revolving line of credit to Cranston, R.I. based Ross-Simons, a leader in direct-to-consumer sales, specializing in offering unique and proprietary fine jewelry designs alongside a deep selection of classics such as diamond tennis bracelets and gold necklaces. Citizens is the Administrative Agent, Sole Lead Arranger and Sole Bookrunner.
Ross-Simons reaches consumers through a company-operated website, catalog, and its flagship retail store in Warwick, R.I.Â The company offers a wide selection of fine jewelry across a range of price points and is known for mixing materials and colors in unexpected combinations. The company was acquired earlier this month by Nonantum Capital P ....

Jim Speltz , Administrative Agent , Sole Lead Arranger , Nonantum Capital , Nonantum Capital Partners , Jaime Ward , ஒரே வழி நடத்து ஏற்பாடு , நோனந்தும் மூலதனம் , நோனந்தும் மூலதனம் கூட்டாளர்கள் , ஜெய்ம் வார்டு ,

Ross-Simons Owner Purchased by Equity Firm

Terms were not disclosed.
As part of the acquisition, former Brookstone CEO James Speltz, who has been LBH’s president since 2017, took on the role of CEO.
Darrell Ross, the son of Ross-Simons’ founder and a five-decade veteran of the company, has stepped down as LBH’s CEO but will remain a member of its board.
The acquisition “sets the stage for a whole new chapter of growth,” says Speltz. “Nonantum isn’t coming in with any particular agenda or strategy. They are supportive of management’s efforts to grow the business.”
Future plans include increasing Ross-Simons’ digital footprint throughout the United States and internationally. ....

United States , Darrell Ross , James Speltz , Sidney Thomas , Freeman Spogli , Luxury Brand Holdings , Nonantum Capital Partners , Sidney Thomas Jewelers , Short Hills , Wall Street , ஒன்றுபட்டது மாநிலங்களில் , டாரெல் ரோஸ் , சிட்னி தாமஸ் , ஃப்ரீமேன் ஸ்போக்லி , ஆடம்பர பிராண்ட் ஹோல்டிங்ஸ் , நோனந்தும் மூலதனம் கூட்டாளர்கள் , சிட்னி தாமஸ் நகைக்கடைக்காரர்கள் , குறுகிய மலைகள் , சுவர் தெரு ,