Steve Madden’s $150 Million Loan Facility

Choate represented Citizens Bank, N.A., as Agent, in the transaction.

Citizens Bank, N.A. granted a $150,000,000 senior secured loan to Steven Madden and various of its subsidiaries.

The proceeds of the loan will be used for general corporate purposes as Madden, like many other consumer-related companies, attempt to weather the COVID-19 storm.

Steve Madden designs and markets shoes and fashion accessories and has over 250 retail stores in over 65 countries.

Choate represented Citizens Bank with Partner Kevin J. Simard (Picture), Of Counsel Seth D. Mennillo, Principal Katherine F. Reynolds, Senior Associate Melissa W. Gaied, and Associate Leila Souhail.

Involved fees earner: Melissa Gaied – Choate; Seth Mennillo – Choate; Katherine Reynolds – Choate; Kevin Simard – Choate; Leila Souhail – Choate;

Law Firms: Choate;

Clients: Citizens Bank;

Author: Ambrogio Visconti