Citizens is leading a $750 million senior credit facility for Stamford, CT-based Hexcel Corporation.

Founded in 1948, Hexcel is a leading advanced composites company specializing in the development, manufacturing, and marketing of lightweight, high-performance materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives, and composite structures for use in commercial aerospace, space and defense, and industrial applications.

Hexcel’s products are used in a wide variety of applications such as the manufacturing of commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive structures and a wide variety of other industrial applications.

Citizens was Lead Left Arranger, Lead Bookrunner and Administrative Agent in the nine-bank group.

“We greatly appreciate the strong support provided by the Citizens team, who have been our banking partners since 2010, to successfully arrange our senior credit facility during this challenging period for the banking industry,” said Patrick Winterlich, CFO of Hexcel.

“We have a great relationship with the Hexcel team and we were happy to draw on our Aerospace and Defense sector expertise and capital markets capabilities to help them achieve their strategic and financial goals,” said Jerry Sargent, Northeast Regional Executive for Citizens. “When a client chooses Citizens, they are selecting a partner committed to helping them achieve their goals. Our bankers work together to deliver smart advice, creative ideas, and innovative solutions to help our clients navigate and grow in changing circumstances.”