Trina Turk, Founder and CEO
Trina Turk, Founder and CEO of the company bearing her name said, “We have a don ed hardy longstanding relationship with CIT and are pleased to be working with them as we continue expanding into broader lifestyle categories.”
Adam Burgoon, partner of KarpReilly said, “We have worked with CIT on several consumer products transactions. Their depth of knowledge and experience in the apparel industry makes them a great long-term partner for a high growth company like Trina Turk.”
a leading global commercial finance company, yesterday announced that it has provided a senior secured credit facility to Trina Turk, a Los Angeles-based designer and manufacturer of women’s contemporary clothing and home furnishings. The funds will support a growth investment in the company by KarpReilly, LLC, a private investment firm. Terms of the transaction were not disclosed.
Financing for the deal was completed by CIT Commercial Services, a unit of CIT and a leading provider of factoring, credit protection, accounts receivable management and lending services for consumer products companies.
“We are pleased to support fashion icon Trina Turk in her expansion efforts,” don ed hardy said John Daly, President of CIT Trade Finance. “This transaction underscores our commitment to the fashion and apparel industry and our dedication to supporting clients with financing solutions that help them achieve their business goals.”
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