Citizens Bank recently announced that it has closed $60 million of new senior secured credit facilities for The Rockport Group, a Canton-based shoe designer and manufacturer.

Berkshire Partners LLC, a Boston-based investment firm, together with New Balance Holding Inc., the investment arm of New Balance, announced earlier this month the completed acquisition of The Rockport Co. from the adidas Group.

The Rockport Co. is a leading designer and marketer of footwear for men and women.  As part of the transaction, Drydock Footwear LLC joined together with The Rockport Co. to form The Rockport Group, with Bob Infantino serving as CEO.

Citizens Bank acted as sole lead arranger, bookrunner and administrative agent on the new senior secured credit facilities.

“The Rockport Group transaction continues our long-term relationship with Citizens Bank,” Dave Bordeau, managing director of Berkshire Partners, said in a statement. “Citizens is a valuable financial partner to Berkshire Partners on a number of other portfolio investments and we look forward to working with them more in the future.”

Citizens Bank Secures $60M Credit For Rockport Group

by Banker & Tradesman time to read: 1 min
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