Fifth Third Bank Provides Kitchen Cabinet Designers, LLC With a New $35,000,000 Asset Based Lending Senior Credit Facility to Support its Growth Strategy

Fifth Third Bank announced it has provided a new $35 million asset-based lending facility for Kitchen Cabinet Designers, LLC.

Kitchen Cabinet Designers, LLC

Kitchen Cabinet Designers, LLC, dba Kitchen Cabinet Distributors, was founded in 2007 and imports and distributes kitchen & bathroom cabinets and accessories throughout the US with regional locations in Raleigh, NC; Orlando, FL; Houston, TX; and Reno, NV. KCD sources its products from various offshore manufacturers and distributes to a customer base of over 2,000 national and regional suppliers, custom cabinet makers, dealers, and remodelers. KCD has become a leading distributor of kitchen cabinets in the United States with one of the industry's shortest and most dependable lead times. The company is a portfolio company of Ninth Street Capital Partners. Mezzanine Debt was provided by Tecum Capital.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2022, the Company had $207 billion in assets and operates 1,080 full-service Banking Centers, and 2,153 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 56,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2022, had $512 billion in assets under care, of which it managed $54 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.”

Credit products are subject to credit review and approval and mutually acceptable documentation. In the United States deposit and credit products offered by Fifth Third Bank, National Association. Member FDIC.   Equal Housing Lender.