On July 21, 2017, MB Business Capital Canada Inc., an indirect subsidiary of MB Financial Bank, NA, announced it recently provided a new $9 million Canadian senior credit and foreign exchange facility to R.M.P. Athletic Locker Limited. RMP Athletic is a licensed distributor of sports apparel, footwear, accessories and equipment. The company is the exclusive distributor of Umbro, Teva, Hoka One One and other brands to all retailers across Canada. MB’s credit facility will be used to support the company’s growth initiatives, including the recent announcement that RMP Athletic will be the exclusive Canadian distributor of Sanuk footwear starting January 1, 2018.
Cassels acted for MB with a deal team composed of Jason Arbuck and Lauren Grossman (Financial Services).