First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, served as administrative agent on a $75 million revolving credit facility for Stella & Chewy's LLC.

Headquartered in Oak Creek, WI, Stella & Chewy's provides high quality, premium natural pet food with an emphasis on raw nutrition, palatability, safety and all natural ingredients. Its dog and cat products include freeze dried dinner patties and meal mixers, frozen patties and morsels, baked and extruded kibble, stews, broths and treats. The financing will be used to support working capital needs and other corporate purposes.

"Our company continues to experience growing demand from customers for our premium natural pet food products," said Dean Nolden, Chief Financial Officer of Stella & Chewy's. "We appreciated the expertise of the CIT Northbridge team in arranging this financing as we continue to grow to support our customers."

"Stella & Chewy's is well positioned for continued growth and we were pleased to work closely with them to arrange this financing to help advance their business objectives," said Neal Legan, who leads the team that advises CIT Northbridge.

CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by First Citizens Institutional Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.