Citizens Bank announced that Citizens Commercial Banking is leading $400 million in credit facilities for VSE Corp., a diversified logistics and services company based in Alexandria, Va. Citizens is the sole lead arranger.
 
A Citizens client since 1995, VSE Corp. will use the new credit facilities to refinance existing debt and for general corporate purposes.
 
“Citizens bankers have been our trusted strategic and financial advisers for years and, with these new credit facilities, they have helped us strengthen our capital structure and improve our liquidity,” said Maurice “Mo” Gauthier, VSE CEO “They always bring great ideas to the table and execute our transactions quickly and seamlessly.”

“At Citizens, we think about the needs of our clients from their point of view and offer holistic solutions that deliver the combined strength of the entire bank. In this case, Dan Darnell and his team showed their dedicated focus and expertise in the Government Contracting sector,” said Daniel K. Fitzpatrick, head of MidCorporate and Industry Verticals at Citizens Bank. “Providing credit facilities is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle.”