Hilton Grand Vacations closed on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024. The facility...
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November 18, 2024, 07:38 AM
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The national Citizens Business Conditions Index (CBCI) moderated to 50.04 in the third quarter but remained in expansionary territory. The second consecutive reading above 50 indicates that business conditions continue to be solid. Citizens’...
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October 30, 2024, 07:32 AM
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Citizens JMP served as the exclusive financial advisor to Trinisys on its sale to Harmony Healthcare IT, a sponsor-backed healthcare data management company. Harmony is a portfolio company of Canadian-based Novacap, a C$8 billion AUM North American...
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October 14, 2024, 07:12 AM
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Citizens served as the exclusive financial advisor to GHK Capital Partners LP, a middle-market private equity firm based in Greenwich, CT, on its acquisition of NY-based Horizon Group.Founded in 2018, GHK is a leading middle-market private equity...
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August 29, 2024, 07:14 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Greif, Inc., on its sale of Delta Petroleum Company, Inc., to PSC Group, a portfolio company of New York-based middle-market private investment firm, TJC L.P.Founded in 1946 and...
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August 14, 2024, 07:08 AM
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The national Citizens Business Conditions Index (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that economic momentum is building...
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July 30, 2024, 07:55 AM
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Further strengthening its growing presence in California, Citizens Financial Group announced that Michael Walker has joined the company to lead its team serving middle market companies across the state.Walker, based in San Francisco, has more than 45...
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June 27, 2024, 08:00 AM
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Mark Forrest has joined Citizens as a senior vice president on the asset-based lending team to bring additional local focus and expertise as Citizens continues to grow its presence in the Midwest and West regions. He will serve as a trusted advisor...
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June 26, 2024, 07:08 AM
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Citizens Financial Group announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens.Chairman and CEO Bruce Van Saun commented: “This appointment recognizes Don’s strong performance and leadership since...
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June 18, 2024, 08:03 AM
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Small business owners will be able to forecast their cash flow up to 12 months in advance using an all-new digital solution rolled out by Citizens.The solution, called Citizens Cash Flow Forecasting, offers tips and insights as well as competitive...
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June 03, 2024, 06:00 AM
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Nearly three quarters of Americans (72%) lack the financial confidence needed to manage a large influx of money on their own, according to a new survey by Citizens. As Baby Boomers, the most financially prosperous generation in history, are set to...
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May 28, 2024, 07:02 AM
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Bluberi Gaming USA closed a $55 million financing facility with Citizens acting as Left Lead Arranger on the transaction.Bluberi is one of the fastest growing suppliers of slot machines and gaming content in North America. With a diverse group of...
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May 24, 2024, 08:07 AM
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Citizens Financial Group announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.Weiss, based in Tampa, has more than 30 years of...
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May 15, 2024, 07:51 AM
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Citizens led a $105 million credit facility, which included a $75 million term loan and a $30 million revolving line of credit, for Style Crest Enterprises to help the company refinance existing debt and fund acquisitions. Citizens was Lead Left...
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May 14, 2024, 07:54 AM
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The national Citizens Business Conditions Index (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter...
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May 01, 2024, 07:41 AM
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Corporate treasury departments are going paperless, and sooner than you might think, according to a new survey of more than 200 treasury executives conducted by Citizens. In fact, 94 percent of respondents who use checks today expect their company to...
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April 23, 2024, 07:15 AM
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DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. The new...
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April 11, 2024, 07:50 AM
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Citizens M&A Advisory served as the exclusive financial advisor to United Air Temp on its sale to Littlejohn & Co., LLC. United, previously a portfolio company of Charlotte, N.C.-based middle-market private equity firm Summit Park, is a leading...
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April 05, 2024, 07:40 AM
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Private equity entered 2024 ready to shop, and a study released by Citizens reveals many business leaders may be open to making a deal.Nearly three quarters (72%) of small- and mid-size businesses in the U.S. view the private equity industry as a...
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April 03, 2024, 07:52 AM
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Progress, a provider of infrastructure software, entered into a Fourth Amended and Restated Credit Agreement, which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured...
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March 08, 2024, 08:00 AM
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Citizens Financial Group announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He...
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February 15, 2024, 07:14 AM
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Citizens led a $377.5 million senior credit facility for Arlington Capital Partners to support the acquisition of Merrill Technologies Group and the formation of Keel Holdings, LLC. Citizens served as Lead Left Arranger, Left Lead Bookrunner and...
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February 13, 2024, 07:50 AM
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FLEETCOR Technologies, a global business payments company, successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company’s...
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February 09, 2024, 08:02 AM
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The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the economy exited...
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January 31, 2024, 07:30 AM
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Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. The annual survey of 400 leaders at U.S....
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January 11, 2024, 08:00 AM
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Grindr, the world’s largest social network for the LGBTQ community, completed a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of...
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November 30, 2023, 08:10 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Engineered Solutions Group on its previously announced acquisition by The Timken Company.Headquartered in Houston, Texas, ESG specializes in the design and manufacturing of...
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November 22, 2023, 07:00 AM
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Strata Clean Energy closed a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.Nomura Securities International, Inc....
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November 07, 2023, 08:00 AM
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A strong labor market and resilient consumer trends supported a slight improvement in economic conditions during the third quarter as inflation showed some signs of abating, according to the national Citizens Business Conditions Index (CBCI). After...
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October 31, 2023, 07:00 AM
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Citizens Financial Group announced the national launch of Citizens Private Bank, a significant milestone in Citizens’ long-term strategy to accelerate growth in Wealth Management, improve capabilities in the high-net-worth segment and expand in key...
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October 20, 2023, 07:53 AM
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Citizens announced the appointment of Mark Valentino as Head of Business Banking and Witt Nicholson as Head of Consumer Strategy.Valentino, who will be based in Massachusetts, is rejoining Citizens from LA Downtown Medical Center, a three-campus...
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October 18, 2023, 07:55 AM
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Citizens Financial Group announced a $50 billion Sustainable Finance Target including $5 billion in green financing, by 2030. The company also announced that it will engage corporate clients in high-emitting sectors on climate-related topics. To...
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September 20, 2023, 07:37 AM
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Amplify Energy closed a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets, Cadence Bank and Citizens Bank as joint lead arrangers and KeyBank as the administrative agent. The New Credit Facility replaces in full...
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August 03, 2023, 07:42 AM
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Rapid interest rate increases to curb inflation continue to weigh on economic conditions, according to the national Citizens Business Conditions Index (CBCI). A rise in unemployment insurance claims and a slowdown in small business formation caused...
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July 28, 2023, 07:40 AM
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Citizens announced the appointment of Anthony Selvaggio as New York City Market Executive, Robert Milas as Long Island Market Executive and Gino Di Saverio as Northern & Central New Jersey Market Executive. In this capacity, Selvaggio, Milas and Di...
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July 27, 2023, 08:00 AM
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Citizens Financial Group appointed Susan deTray as Head of Citizens Private Bank. In this new role, she will lead the bank’s private banking growth strategy and partner closely across the enterprise to propel growth in Wealth Management, Business...
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July 25, 2023, 07:51 AM
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Citizens announced that veteran banking executive Mark Lehmann, chief executive of JMP Group, has been named as its California President to accelerate growth in a key market where the bank has recently added some of the state’s top private bankers.In...
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July 13, 2023, 08:00 AM
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Citizens has appointed Peter Panos as South Region Executive, succeeding Brian Peters, who is retiring. Panos, who is based in Atlanta, will report to Head of Corporate Banking Steve Woods and have responsibility for leading a team of senior bankers...
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June 29, 2023, 07:57 AM
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DH Capital, a division of Citizens, served as financial advisor to Patria Investments on the sale of ODATA to Aligned Data Centers.Founded in 2015 and based in São Paulo, Brazil, ODATA, now known as ODATA – An Aligned Data Centers Company, is among...
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June 27, 2023, 07:14 AM
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Citizens Financial Group significantly accelerated its private banking growth strategy with the addition of approximately 50 new senior private bankers and related support staff in Boston, Florida, New York and San Francisco. Several sought-after...
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June 12, 2023, 07:59 AM
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RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The...
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May 26, 2023, 07:55 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Palmdale Oil Company, Inc. on its strategic growth investment from First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified...
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May 19, 2023, 07:20 AM
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Citizens provided an asset-backed credit facility to the Belknap White Group to refinance existing debt, provide funds to acquire the assets of Swiff-Train Corporation and support future growth. The new facility consolidates two separate facilities...
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May 17, 2023, 07:39 AM
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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...
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May 02, 2023, 07:57 AM
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Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in the first quarter, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. The Index had dipped...
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April 27, 2023, 07:55 AM
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Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, closed a 7-year $400 million senior secured Term Loan B (TLB), which will bear interest, at the company's option, at adjusted...
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April 14, 2023, 07:49 AM
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Citizens Financial Group, Inc. announced Richard Stein will assume the role of Chief Risk Officer upon the retirement of Malcolm Griggs in the first quarter of 2024. Upon assuming the CRO role, Stein will report to Bruce Van Saun, Chairman and CEO...
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April 13, 2023, 07:55 AM
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CrossAmerica Partners entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank. The Amended Facility provides borrowing capacity up to $925 million, an increase from the...
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April 03, 2023, 08:00 AM
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Citizens named Jessica Rascionato to lead its Commercial Real Estate team and expanded Joanne Wyper’s role to head of Commercial Banking Digital and Operations to drive the Commercial Bank’s digital-forward strategy. Bragg Comer will succeed...
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March 07, 2023, 08:02 AM
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Citizens M&A Advisory served as the financial advisor to Isos Technology on its acquisition of HyperVelocity, an Atlassian professional services firm with more than 49 Atlassian-accredited specialists. This follows Isos Technology’s recent...
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March 06, 2023, 07:11 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Apogee IT Services, backed by Brook Venture Partners, on the sale of its U.S. assets to Magna5. Magna5 is a national provider of managed IT, cybersecurity and cloud-based services and...
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February 27, 2023, 07:41 AM
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Citizens M&A Advisory served as the financial advisor to Eagle Merchant Partners on its acquisition of Eskola Roofing & Waterproofing, a leading provider of commercial roofing and waterproofing services.Eagle Merchant Partners is an Atlanta-based...
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January 27, 2023, 07:00 AM
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Citizens M&A Advisory served as the exclusive financial advisor to The Acacia Group, an independent sponsor specializing in digital transformation, on its acquisition of Isos Technology, an award-winning Atlassian Platinum and Enterprise Solution...
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January 13, 2023, 07:08 AM
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Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also...
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January 11, 2023, 07:50 AM
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Citizens M&A Advisory served as joint M&A advisor to QinetiQ Group plc on its recent acquisition of Avantus Federal from NewSpring Holdings. The transaction was valued at approximately $590 million, including approximately $70 million in tax benefits...
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December 22, 2022, 07:10 AM
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Citizens Financial Group has been named Bank of the Year 2022 for the U.S. by The Banker, an outlet of The Financial Times, as part of the magazine’s annual global banking awards.In announcing the award, the magazine noted Citizens’ successful growth...
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December 07, 2022, 08:00 AM
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EVERTEC refinanced its existing credit facilities on December 1, 2022. The new credit facilities consist of an expanded $200 million revolving credit facility and a $415 million term loan A, both of which are due on December 1, 2027. Proceeds from...
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December 05, 2022, 07:51 AM
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Sterling Check Corp. announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. These distinct yet complementary strategic initiatives will enhance Sterling’s financial...
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November 30, 2022, 07:09 AM
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Citizens is leading a $600 million senior secured credit facility for Rochester, N.Y.-based Monro, Inc.Founded in 1957, Monro, Inc. provides a wide range of automotive undercar repair and tire services in the United States. The company operates more...
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November 16, 2022, 07:50 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Unified Health Services on its strategic growth investment from Reynolda Equity Partners, a private equity firm exclusively focused on supporting the capital needs of private...
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November 03, 2022, 07:33 AM
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Redbrick LMD secured a $142.5 million loan to finance the construction of The Douglass, a 750-unit residential building at the Bridge District that includes approximately 40,000 square feet of retail and 80 affordable units. The Bridge District is a...
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November 02, 2022, 07:36 AM
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Citizens announced that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and...
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October 27, 2022, 07:51 AM
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The national Citizens Business Conditions Index™ (CBCI) rose to 56.1 in the third quarter, regaining momentum after a drop in second quarter economic sentiment prompted by inflation concerns. This quarter’s score extends the index’s streak to eight...
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October 26, 2022, 07:15 AM
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Citizens announced the appointment of Rebecca O’Connell as its New York City Metro Market Executive. In this capacity, she will represent Citizens throughout the region as the bank partners with customers, businesses, and communities to help them...
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October 18, 2022, 07:50 AM
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Avid, a leading technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120...
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October 14, 2022, 07:07 AM
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Citizens Financial Group announced that Michelle Hecht has been named Head of Corporate Affairs. In this capacity she will oversee public affairs, corporate philanthropy, community engagement and volunteerism initiatives that support the company’s...
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October 05, 2022, 07:13 AM
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Citizens provided a $50 million credit facility to Charlotte, N.C.-based Crosslake Technologies. Citizens is Left Lead Arranger and Administrative Agent. The credit facility consists of a $25 million revolving line of credit and a $25 million term...
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September 16, 2022, 07:56 AM
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Citizens' Commercial Real Estate Finance team provided a $133.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens is Sole Lead...
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September 14, 2022, 07:41 AM
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Citizens provided a $100 million asset-based lending credit facility to Madawaska, Maine-based Twin Rivers Paper Company. Citizens is Lead Arranger and Administrative Agent.Twin Rivers is an integrated paper company that produces packaging, label...
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September 08, 2022, 07:50 AM
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Citizens announced that it has become the official bank of the New York Giants, as well as presenting partner and official bank of the NJ Devils and its home arena, Prudential Center, in Newark, N.J.“We look forward to welcoming fans to Giants and...
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July 25, 2022, 07:58 AM
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Phoenix IB acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring, and negotiating a refinancing of $30 million through Citizens. The new refinancing consists of a Revolving Line of...
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July 15, 2022, 07:51 AM
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Citizens provided incremental financing to San Francisco-based PRO Unlimited Global Solutions Inc. PRO Unlimited is currently owned by EQT Partners.Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management...
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June 30, 2022, 07:47 AM
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DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million. The facility, previously...
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June 14, 2022, 07:45 AM
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Citizens Financial Group completed its previously announced acquisition of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications...
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June 09, 2022, 07:45 AM
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Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, increased its sustainability-linked loan...
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May 19, 2022, 07:00 AM
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Citizens is leading a new senior secured credit facility for Nashua, N.H.-based 1A Auto, Inc., a leading specialty e-tailer of automotive products. Citizens is Lead Left Arranger and Administrative Agent.The company, which provides aftermarket...
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May 03, 2022, 07:22 AM
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Citizens announced that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014...
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April 29, 2022, 07:50 AM
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Encina Equipment Finance (EEF) closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. The new facility provides EEF with additional committed capacity to fund equipment...
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April 28, 2022, 07:53 AM
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StoneX Group agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving...
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April 28, 2022, 07:38 AM
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Citizens M&A Advisory served as the exclusive financial advisor to DSG Consulting, LLC on its sale to Corporate Visions, Inc., a portfolio company of The Riverside Company.DSG is a technology-enabled growth consultancy that helps B2B companies...
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April 27, 2022, 07:05 AM
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Citizens Financial Group announced the closing of its previously announced acquisition of Investors Bancorp. The acquisition of Investors, along with the recently completed acquisition of HSBC’s East Coast branches and national online deposit...
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April 07, 2022, 07:45 AM
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Citizens Financial Group named Ben Vinzant as Chief Data and Analytics Officer, effective June 27, 2022. Vinzant will join Citizens from JPMorgan Chase, where he most recently served as Managing Director, Head of Sales Science. During that time, he...
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April 07, 2022, 07:00 AM
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Citizens provided a $20 million revolving line of credit to New York-based luxury fashion retailer Oscar de la Renta. “Citizens bankers are trusted partners who listened to us, brought great ideas and believed in our growth plans,” said Alex Bolen...
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March 11, 2022, 08:00 AM
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Citizens' Commercial Real Estate Finance team is leading a $300 million construction loan to Atlanta-based Agile Cold Storage for the construction of new cold storage facilities as the company expands nationally. Citizens is Lead Left Arranger and...
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March 04, 2022, 07:47 AM
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Citizens Financial Group announced the appointment of Polly N. Klane as General Counsel and Chief Legal Officer, effective April 4. Klane joins Citizens from Capital One Financial Corp., where she most recently has served as Senior Vice President and...
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March 01, 2022, 07:30 AM
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SMART Global Holdings completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility. Citizens Bank lead the transaction with Santander Bank and Fifth Third Bank acting as Joint Lead...
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February 08, 2022, 07:50 AM
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Progress entered into an amended secured credit facility in the aggregate amount of $575 million, including a $275 million senior secured term loan and a $300 million revolving line of credit. The credit facility may be incrementally expanded by an...
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January 28, 2022, 07:55 AM
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Casella Waste Systems, a regional solid waste, recycling and resource management services company, entered into a $650 million Amended and Restated Credit Agreement with Bank of America as administrative agent and swing line lender, Bank of America...
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December 29, 2021, 07:59 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Air Conditioning Innovative Solutions (“ACIS”), a provider of commercial HVAC and other building services, on its sale to Atlantic Street Capital.ACIS provides maintenance, repair and...
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December 27, 2021, 07:00 AM
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Citizens provided financing to San Francisco-based PRO Unlimited Global Solutions Inc. Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a...
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December 21, 2021, 07:50 AM
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Citizens Financial Group announced a definitive agreement to purchase substantially all of the assets of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and...
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December 16, 2021, 07:45 AM
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Essent Group amended its credit facility to increase the total facility from $625 million to $825 million with terms that provide for:
An increase in the revolving credit facility from $300 million to $400 million;
The issuance of an additional...
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December 14, 2021, 08:00 AM
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Citizens served as Sole Lead Arranger for Chicago-based Stonegate Capital Holdings’ $70 million asset-based revolving credit facility to support its acquisition by SG Credit Partners. Stonegate is a leading provider of asset-based credit facilities...
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December 09, 2021, 08:00 AM
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Citizens served as Sole Lead Arranger for Addison, Ill.-based Parts Town’s upsized $150 million asset-based revolving credit facility. Founded in 1987, Parts Town is a technology-enabled distributor of genuine original equipment manufacturer parts...
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November 18, 2021, 07:48 AM
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Citizens led a new $125 million asset-based revolving credit facility for Destination XL Group, an omni-channel specialty retailer of big and tall men's apparel. Citizens is sole lead arranger, sole bookrunner and administrative agent. “Our Citizens...
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November 16, 2021, 07:50 AM
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Citizens led $75 million in new credit facilities for Procentrix, a professional and technology services company serving U.S. federal government customers in civilian, homeland security and defense sectors. Citizens is the Left Lead Arranger and...
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November 11, 2021, 07:45 AM
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Citizens M&A Advisory served as the exclusive financial advisor to AcctTwo Shared Services, LLC, a provider of financial management software and solutions, on its acquisition by Baker Tilly US, LLP. AcctTwo delivers curated and tightly integrated...
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October 07, 2021, 07:00 AM
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Physicians Realty Trust, a self-managed healthcare real estate investment trust, announced that it entered into a third amended and restated credit agreement (the "Credit Agreement"), extending the maturity date of the Credit Agreement from September...
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September 29, 2021, 07:45 AM
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Citizens M&A Advisory announced served as the exclusive financial advisor to Aviacode, a leading provider of outsourced medical coding services, to GeBBS, a ChrysCapital-backed technology enabled revenue cycle management (“RCM”) and risk adjustment...
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September 13, 2021, 07:25 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Invisors, a leading Workday consulting firm based in Atlanta, GA, on its recapitalization by WestView Capital Partners, a Boston-based private equity firm focused on middle-market...
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September 01, 2021, 07:27 AM
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Citizens served as Sole Lead Arranger for Brockton, MA-based W.B. Mason’s new $325 million senior secured credit facilities. Founded in 1898, W.B. Mason is one of the largest privately held business-to-business office products dealers in the United...
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August 25, 2021, 08:08 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Orttech, Inc. on its majority recapitalization by Main Street Capital Corporation. Headquartered in Solon, OH, Orttech is a leading value-added distributor delivering mission-critical...
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August 18, 2021, 07:50 AM
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L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced that on August 13, 2021, it entered into a Fourth Amended and Restated Credit Agreement to...
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August 17, 2021, 07:41 AM
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Citizens M&A Advisory served as the exclusive financial advisor to I.D. Images, LLC (“IDI”) on its sale to Sole Source Capital LLC.Headquartered in Brunswick, OH, IDI is a leading provider of durable and graphic intensive labels, along with an...
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August 12, 2021, 07:20 AM
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Organogenesis Holdings announced a new credit agreement with Silicon Valley Bank, the lead agent, and several other lenders. The agreement provides for a credit facility in the aggregate principal amount of $200 million, consisting of a $75 million...
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August 10, 2021, 07:45 AM
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Saks OFF 5TH closed on a syndicated $125 million asset-based five-year revolving credit facility jointly arranged by Citibank and Citizens and a $20 million term loan arranged by Callodine Commercial Finance.Luke Coffey, Chief Financial Officer, Saks...
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August 10, 2021, 07:30 AM
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Citizens M&A Advisory served as financial advisor to Bally’s Corporation on its acquisition of Tropicana Evansville in Evansville, IN, from Caesars Entertainment Corporation, as well as the acquisition of Jumer’s Casino & Hotel in Rock Island, IL...
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August 09, 2021, 07:35 AM
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Citizens Financial Group entered into a definitive agreement to acquire Willamette Management Associates, a valuation consulting and forensic analysis firm with offices in Chicago, Atlanta and Portland, Ore. This transaction further strengthens the...
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August 06, 2021, 07:46 AM
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Cantor Fitzgerald Income Trust, Inc. (CFIT), an institutionally managed NAV REIT, announced that its wholly owned operating partnership secured a new $100 million revolving credit facility with an accordion feature up to $200 million. The credit line...
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August 02, 2021, 07:50 AM
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Citizens Financial Group and Investors Bancorp announced that they have entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.The...
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July 28, 2021, 08:20 AM
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Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, has increased its senior secured credit facility, the first-ever U.S....
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July 22, 2021, 07:50 AM
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Citizens served as Lead Left Arranger for Stoughton, Mass.-based Liquid Tech Solutions’ new $350 million senior credit facility. Liquid Tech provides route-based, on-site mobile refueling solutions across the United States. The company’s 24/7...
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June 23, 2021, 08:02 AM
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Douglas Dynamics refinanced its existing $375 million in senior secured credit facilities with a new $225 million Term Loan A facility and $100 million senior secured revolving credit facility due June 2026. JPMorgan Chase Bank acted as...
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June 15, 2021, 07:42 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Simple Admit, a leading provider of automated patient relationship management solutions for surgery centers, on its merger with HST Pathways, a Bain Capital portfolio company and...
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May 27, 2021, 06:50 AM
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Citizens M&A Advisory served as financial advisor to Bally’s Corporation on its acquisitions of Eldorado Resort Casino Shreveport in Shreveport, LA, and MontBleu Resort Casino & Spa in Lake Tahoe, NV, from Eldorado Resorts, Inc. for an aggregate...
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May 07, 2021, 06:00 AM
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Continued economic recovery from the shock of COVID-19 kept the past quarter’s national Citizens Business Conditions Index™ (CBCI) in upbeat territory, with another healthy reading of 53.3. This compares with the fourth quarter reading of 56.0. A...
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May 03, 2021, 07:46 AM
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Citizens served as Lead Left Arranger for Houston-based Moda Midstream’s $300 million senior credit facility in which seven financial institutions participated.Moda is a Texas-based infrastructure company that stores and handles liquid products that...
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April 29, 2021, 07:00 AM
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AdaptHealth Corp. amended its senior secured credit facilities to increase its term loan by $100 million and to expand the maximum borrowing capacity under its revolving credit facility from $250 million to $450 million. The primary use of proceeds...
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April 26, 2021, 07:07 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Air Purchases of New Hampshire, Inc. (“API”) in its sale to Munch’s Supply, a portfolio company of Charlotte-based Ridgemont Equity Partners.Headquartered in Manchester, N.H., API is...
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April 16, 2021, 07:33 AM
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Fluent entered into a new five-year credit agreement, consisting of a $50.0 million term loan and a revolving credit facility of up to $15.0 million, provided by Citizens Bank as administrative agent, lead arranger and bookrunner, and BankUnited and...
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April 01, 2021, 07:20 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Telestream in its acquisition of Masstech. Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is a global leader...
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March 31, 2021, 07:00 AM
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Digi International entered into an amended and restated credit agreement with BMO Harris Bank as administrative agent and collateral agent.The new facility provides Digi with a senior secured credit facility consisting of a $200 million senior...
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March 22, 2021, 07:59 AM
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Citizens M&A Advisory served as the exclusive financial advisor to trustaff Management, Inc. and CardioSolution on their recapitalization by Cornell Capital and Trilantic North America, two New York-based private equity firms.Founded in 2002...
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March 19, 2021, 07:00 AM
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Citizens M&A Advisory served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners. Established in 1974, CTP is a...
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March 17, 2021, 07:00 AM
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Ribbon Communications executed an amendment ("Third Amendment") to its credit agreement. Citizens Bank, administrative agent under the credit facility, led the amendment with the syndicate banking partners including Santander Bank, Silicon Valley...
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March 05, 2021, 07:25 AM
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Citizens provided a new $325 million senior credit facility to Orangeburg, N.Y.-based Nice-Pak, the leading global producer of wet wipes. Citizens is the Lead Left Arranger. The new credit facility will be used to refinance existing debt and enhance...
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February 23, 2021, 08:00 AM
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Citizens M&A Advisory served as the exclusive M&A advisor to Bionix Development Corporation on its recapitalization by Argosy Private Equity. Bionix, headquartered in Toledo, Ohio, is a leading developer of innovative healthcare products for...
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February 17, 2021, 06:00 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Thought Logic Consulting, a leading business and technology transformation consulting firm with offices in Atlanta, GA, and Richmond, VA, on its significant growth capital investment...
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February 16, 2021, 05:00 AM
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Citizens M&A Advisory served as the exclusive financial advisor to Candid Partners, a leading tech-enabled, multi-cloud consulting firm, on its sale to McKinsey & Company, a global management consulting firm. Founded in 2013 in Atlanta, Candid is the...
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February 10, 2021, 07:33 AM
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The national Citizens Business Conditions Index™ posted a second consecutive quarter of gains as optimism fueled by COVID-19 vaccine announcements and increased election certainty began to outweigh concerns about spiking pandemic cases.The Index rose...
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February 08, 2021, 07:00 AM
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Citizens M&A Advisory served as the financial advisor to Leadec in its acquisition of Diversified Automation, Inc. Founded in 2002, Diversified Automation is a leading automation controls and software solution provider to the express parcel industry....
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February 05, 2021, 07:30 AM
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An improved public health environment and the possibility of higher capital gains taxes will likely drive increased merger and acquisition activity in 2021, according to Citizens’ 2021 Middle Market M&A Outlook. Companies will rely on M&A for growth...
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January 27, 2021, 08:35 AM
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Avid Technology entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks. The proceeds from the new term loan, plus available cash on hand, were used to...
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January 06, 2021, 08:00 AM
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Citizens announced today that it has provided a new $30 million asset-based revolving line of credit to Cranston, R.I. based Ross-Simons, a leader in direct-to-consumer sales, specializing in offering unique and proprietary fine jewelry designs...
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December 23, 2020, 09:00 AM
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Harvard Bioscience, Inc. announced the refinancing of its debt with the closing of a new $65 million credit facility. Proceeds from the new facility will be used to retire existing debt and pay related fees and expenses. The Refinancing significantly...
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December 23, 2020, 08:35 AM
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PAE announced it has closed new senior secured credit facilities. The joint lead arrangers and joint bookrunners under the senior secured credit facilities are BofA Securities, Inc., Citizens Bank, National Association, Morgan Stanley Senior Funding...
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October 20, 2020, 08:00 AM
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Citizens announced that it is lead left arranger of a $125 million asset-based loan for Virginia Beach, VA-based Franchise Group, Inc. (Nasdaq: FRG).Franchise Group is an operator of franchised and franchisable businesses that continually looks to...
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September 30, 2020, 09:00 AM
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Citizens Bank announced that its Community Development Group has provided a $19 million loan to 2601 Poplar OZ, LLC, whose sponsor is Daniel Greenberg, for the acquisition and construction of a new mixed used project at 2601 Poplar St. in...
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August 06, 2020, 09:05 AM
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The COVID-19 pandemic is changing how consumers and businesses interact with financial institutions and new research shows that this trend will likely be permanent.According to the results of Citizens Bank’s inaugural Banking Experience Survey, half...
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July 30, 2020, 08:20 AM
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The second quarter of 2020 began with many businesses reeling from the shutdown of the global economy caused by the COVID-19 pandemic, according to a new report from Citizens Bank. Most economic indicators posted disastrous results while the U.S....
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July 28, 2020, 08:45 AM
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ProSight Global, Inc. entered into a Credit Agreement, with Truist Bank (“Truist”), as administrative agent, issuing bank, and swingline lender. Suntrust Robinson Humphrey, Inc. and Citizens Bank N.A. (“Citizens”) are joint lead arrangers and...
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June 18, 2020, 09:15 AM
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Citizens Commercial Banking has established a West Region and tapped a new leader for its Midwest Region, further broadening and deepening its capabilities and reach.These moves bring additional local focus and expertise to bear as Citizens continues...
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September 12, 2019, 09:02 AM
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The U.S. business climate remains strong with many companies in growth mode despite recent global economic headwinds – even as the current economic expansion enters its 11th year – according to a new report from Citizens Bank.The first-ever Citizens...
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August 27, 2019, 09:00 AM
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Citizens Bank announced its Community Development Group has provided $29.5 million in construction loans to MM Poth Brewery LLC and Off Road Poth Bridge Member, LLC, entities sponsored by MM Partners, LLC, for the adaptive re-use and substantial...
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June 12, 2019, 09:00 AM
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Citizens Bank announced today that its Community Development Group has provided an $18.8 million construction loan to Gotham Tower LP, an entity sponsored by James Maransky of E-Built, Inc., for the substantial renovation of the vacant historic...
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March 27, 2019, 09:00 AM
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Citizens Commercial Banking led a senior secured asset-based financing to Merfish Holdings, LLC for the acquisition of United Pipe & Steel by Houston-based Merfish Pipe Holdings, a portfolio company of One Equity Partners. Citizens served as Lead...
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February 21, 2019, 08:00 AM
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Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error.
FULLBEAUTY Brands Holdings Corp. announced...
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February 11, 2019, 07:13 AM
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Carbonite, Inc., a cloud-based data protection provider, and Webroot Inc., a cybersecurity company, announced that they have entered into a definitive agreement under which Carbonite will acquire Webroot for approximately $618.5 million in cash....
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February 08, 2019, 09:00 AM
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Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown...
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January 30, 2019, 09:00 AM
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Gibraltar Industries, Inc., a manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets, announced that it has closed on a new $400 million five-year revolving...
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January 28, 2019, 07:12 AM
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ANI Pharmaceuticals, Inc. announced that it has entered an amended and restated five-year Senior Secured Credit Facility for up to $265.2 million with its existing syndicate of bank lenders. The Facility amends ANI's current $125 million Senior...
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December 28, 2018, 08:32 AM
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Kadant Inc. announced that on December 14, 2018 it amended its existing credit agreement ("Credit Agreement") to increase its committed borrowing capacity under its revolving credit facility to $400 million, increase its uncommitted incremental...
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December 21, 2018, 07:10 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $41.2 million credit facility to Chelten House Products, Inc., a family-owned manufacturer of private label organic and conventional salad dressings, marinades and sauces that...
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November 14, 2018, 08:04 AM
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Eastern Bank, America’s oldest and largest mutual bank, announced that Donald B. Lewis has joined its Commercial Lending Division as Senior Vice President, Head of Asset Based Lending. Prior to joining Eastern, Lewis spent 27 years at Citizens Bank...
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November 06, 2018, 08:18 AM
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Citizens Bank that Citizens Commercial Banking is providing an $80 million asset-based revolving line of credit to New York-based Vince, a global luxury apparel and accessories brand. Citizens is the sole lead arranger, sole bookrunner and...
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September 12, 2018, 07:13 AM
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Citizens Bank announced that Citizens Commercial Banking led a new credit facility for SunCommon, Vermont’s largest provider of residential, community and commercial solar systems. The funds will fuel growth after SunCommon’s acquisition of Rhinebeck...
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June 28, 2018, 07:05 AM
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American Finance Trust, Inc., a public non-listed REIT which owns a well-diversified $3.5 billion portfolio of single-tenant office, distribution and retail and multi-tenant retail and lifestyle center properties, announced that on April 26, 2018...
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May 01, 2018, 07:07 AM
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Allianz Global Investors, one of the world’s leading active investment managers, StepStone Group LP, a global private markets solutions provider, and Citizens Bank, an originator of middle-market loans, have collaborated in the launching of AC Loan...
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March 30, 2018, 07:45 AM
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Citizens Bank announced that Patrick Bickers will lead its Business Capital team. As one of the nation’s leading asset-based finance providers, Citizens Business Capital specializes in providing highly structured asset-based loans tailored to each...
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March 28, 2018, 07:19 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $50 million asset-based revolver to Las Vegas-based privately held Go Wireless, Inc., which operates Go Wireless stores across the United States. Citizens is the sole lender and...
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March 21, 2018, 07:14 AM
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Citizens’ Commercial Real Estate clients will have an additional source of long-term permanent financing opportunities under a referral agreement with PGIM Real Estate Finance.
The Citizens Commercial Real Estate team continues to add solutions to...
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March 06, 2018, 07:00 AM
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Citizens Bank announced that Citizens Commercial Banking has arranged $32 million of credit facilities for Bensalem, PA-based thrift retailer 2nd Ave LLC. Citizens acted as lead arranger and sole senior lender for the financing. The new credit...
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January 31, 2018, 07:14 AM
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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...
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January 12, 2018, 07:20 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $58 million loan to Jemal's Channing Place LLC / Douglas Development Corp. for the Brookland Press Apartments, a 295-unit, Class A, multifamily project in the Brookland...
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January 04, 2018, 07:06 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $25 million credit facility to Newington, NH-based SEA-3, LLC, a liquefied petroleum gas wholesale storage and distribution terminal operator located on the Piscataqua River and...
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December 20, 2017, 08:00 AM
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Citizens Bank announced that Citizens Commercial Banking has provided $210 million in financing to Denver-based Palo Alto, Inc., one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the Left Lead arranger of a...
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November 16, 2017, 07:09 AM
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After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True...
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October 30, 2017, 07:40 AM
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Crawford & Company®, an independent provider of claims management solutions to insurance companies and self-insured entities, announced the execution of a new five-year, $450 million senior secured revolving credit facility with a syndicate of banks...
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October 13, 2017, 07:42 AM
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Citizens Bank announced that Wit Derby and Vincent Ng have joined the Structured Finance Group at Citizens Commercial Banking.Derby joins Citizens from FTI Consulting where he has been a Managing Director for the past eight years. A Cornell...
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September 21, 2017, 07:10 AM
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Commercial lender FGI Worldwide announced the completion of a full recapitalization of the company. The recapitalization includes the infusion of $140 million in new capital, including new equity investors and an expanded board of directors. “This...
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September 08, 2017, 07:22 AM
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Citizens Bank has hired Jerry Hullinger as Managing Director and Head of Syndicate. Hullinger has 25 years of experience in leveraged finance and worked for Wells Fargo / Wachovia Securities for the last 20 years, most recently as a Managing Director...
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August 28, 2017, 09:00 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to Cranston, R.I.-based Luxury Brand Holdings, Inc., a specialty retailer of fine jewelry which operates under the “Ross-Simons” and “Sidney...
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August 03, 2017, 07:06 AM
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Citizens Bank has hired Joseph C. Giampetroni as Regional Executive for the Midwest with responsibility for corporate banking in the greater Chicago area, Michigan and Ohio. Giampetroni joins Citizens with extensive banking experience in advising and...
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July 18, 2017, 07:19 AM
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Ongoing distress in the retail sector claimed another casualty this week, with True Religion Brand Jeans filing for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware. In a court filingthe company stated...
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July 05, 2017, 08:07 AM
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Citizens Bank announced that Citizens Commercial Banking led a $220 million credit facility to support Avista Capital Partners’ acquisition of National Spine & Pain Centers from Sentinel Capital Partners. Citizens is Left Lead Arranger and...
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June 30, 2017, 07:37 AM
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Citizens Bank announced that Citizens Commercial Banking provided a $41 million loan to a joint venture between Atlanta-based Songy Highroads LLC and an affiliate of Chicago-based Hyatt Hotels Corporation for the construction of a new 201-room...
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May 26, 2017, 07:20 AM
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Citizens Bank announced that Citizens Commercial Banking has closed a new $450 million asset-based revolver to support a recapitalization of PRO Unlimited by Harvest Partners, a leading middle-market private equity firm, and Investcorp, a global...
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May 10, 2017, 07:23 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $60 million asset-based revolver to Total Safety, Inc., a global provider of integrated safety solutions for the energy and petrochemical industries. Citizens supported...
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May 04, 2017, 07:10 AM
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Citizens Bank announced the appointment of Ted Swimmer as Head of Corporate Finance and Capital Markets for Citizens Commercial Banking, effective immediately. Swimmer succeeds Bob Rubino, who is leaving to pursue other opportunities. Swimmer will...
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May 02, 2017, 08:00 AM
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Citizens Bank announced the appointment of Jack Murphy as President of Business Banking. Murphy, an industry veteran with more than 25 years of experience, previously served as head of Business Banking Sales. Murphy replaces Chris Ward, who is...
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April 26, 2017, 07:58 AM
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Eastern Bank, a full-service commercial bank headquartered in Boston, announced the appointment of Gregory P. Buscone as a Senior Vice President and Regional Group Head in Commercial Banking. Buscone will report directly to Jan Miller, Vice Chairman...
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April 24, 2017, 07:33 AM
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Citizens Bank announced that Citizens Commercial Banking is leading $55 million of credit facilities for Godshall’s Quality Meats in support of the company's employee stock ownership plan (ESOP) conversion and upcoming facilities expansion. Citizens...
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April 05, 2017, 07:07 AM
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Lantheus Holdings, Inc., parent company of Lantheus Medical Imaging, Inc., announced the closing of a new $275 million term loan facility and a new $75 million five-year cash-flow revolver facility.Net proceeds from the new term loan, together with...
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March 31, 2017, 07:14 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a $33.75 million credit facility for WE 25 Bacon Road LLC to finance the acquisition and renovation of an industrial/warehouse complex at 25 Bacon Road by Winstanley Enterprises. ...
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March 21, 2017, 07:00 AM
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Mitel, a provider of business communications, announced that it has closed a new credit facility that includes significantly improved terms as well as greatly enhanced capacity and flexibility to capitalize on the rapidly changing unified...
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March 10, 2017, 07:18 AM
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Quest Resource Holding Corporation and certain of its subsidiaries, announced that they entered into a Loan, Security and Guaranty Agreement, dated as of February 24, 2017, with Citizens Bank, National Association as a lender, and as administrative...
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February 28, 2017, 07:00 AM
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Herbalife Ltd., a global nutrition company, announced that it has closed a new $1.45 billion senior secured credit facility, which consists of a $150 million revolving credit facility maturing 2022 and a $1.3 billion term loan maturing 2023. “This...
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February 16, 2017, 06:37 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $65 million loan to NED Altoona LLC / New England Development to finance, in part, the construction of a 300,000 square-foot retail outlet center outside Des Moines, Iowa. ...
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February 15, 2017, 07:45 AM
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Citizens Bank announced that Citizens Commercial Banking is partnering with Opportunity Network to offer Citizens’ clients access to an innovative business-to-business networking platform designed to promote growth by connecting business owners to a...
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February 08, 2017, 07:01 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $20 million credit facility to Garber Bros., Inc., which distributes cigarettes, tobacco, health and beauty, and grocery products to convenience stores located primarily in the...
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February 01, 2017, 07:51 AM
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TRC Companies, Inc. a provider of engineering, environmental consulting and construction-management services to the power, environmental, infrastructure and oil and gas markets, announced it has closed on a $250 million revolving credit facility. The...
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February 01, 2017, 07:30 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $30 million credit facility to NEJ, Inc., a global leader in excess inventory solutions for retailers and specialty stores. Citizens is the sole administrative agent. Beacon...
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January 31, 2017, 08:07 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $35 million credit facility to Retail Concepts, which operates 33 retail stores and an ecommerce website under the name Sun & Ski. Citizens is the sole lender and administrative...
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January 26, 2017, 07:20 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $20 million revolving credit facility to David Webb, LLC. Citizens is the sole lender and administrative agent.Established in 1948, David Webb is a premier jewelry brand whose...
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January 25, 2017, 07:51 AM
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Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks....
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December 21, 2016, 07:33 AM
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UCI International, LLC announced the United States Bankruptcy Court for the District of Delaware confirmed its plan of reorganization. The confirmation order marks a key milestone in the 6 month reorganization process and positions the Company for...
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December 07, 2016, 07:42 AM
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Prime Healthcare Foundation, Inc., a not for profit hospital system, announced that it has closed a $160 million senior secured credit facility (Facility) led by BBVA Compass (BBVA). The Facility, which may be expanded in the future through a $50...
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November 22, 2016, 07:39 AM
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Sterling National Bank announced Joe Giamartino has joined the bank's Westchester commercial banking team as Senior Managing Director and Senior Vice President.Giamartino will help drive the bank's growth across the middle market, focusing on...
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November 03, 2016, 07:28 AM
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ARC Group Worldwide, Inc., a leading global provider of advanced manufacturing and 3D printing solutions, announced the closing of a new $42.5 million senior credit agreement with Citizens Bank, N.A. Proceeds from the financing will be used to...
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September 30, 2016, 07:45 AM
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The Mohegan Tribal Gaming Authority, or the Authority, the owner of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, announced that it has engaged Citizens Bank, N.A., Merrill Lynch, Pierce, Fenner & Smith...
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September 20, 2016, 07:23 AM
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Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending...
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September 13, 2016, 07:44 AM
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Business Capital, a leading commercial finance firm, has strengthened its industry presence with the appointment of two new managers, Dominic Randolph and Joe LaBarbera, and the promotion of Reed Upson. All are based in the San Francisco office and...
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September 07, 2016, 07:32 AM
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Wingstop Inc., an award-winning wing restaurant concept with more than 900 locations worldwide, announced it has closed on a new $180 million senior secured debt facility and that its board of directors has declared a special cash dividend of $2.90...
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July 01, 2016, 08:04 AM
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Vonage Holdings, a provider of cloud communications services for businesses, has completed the acquisition of privately-held Nexmo for $230 million and closed on an expanded $450 million credit facility. San Francisco-based Nexmo provides application...
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June 07, 2016, 07:56 AM
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ANI Pharmaceuticals, Inc. announced that it has entered a new three-year senior secured asset-based revolving credit facility for up to $30 million. This facility will be secured by inventory and certain other working capital and related assets of...
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May 16, 2016, 08:02 AM
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Radius Bank, a virtual community bank whose roots are in Boston, MA, announced the addition of a new executive to its senior management team. Philip (Phil) Peters was named Executive Vice President / Chief Operating Officer. A seasoned banking...
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May 12, 2016, 07:19 AM
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Citizens Bank announced that Citizens Commercial Banking has provided Woburn-based Lytron, Inc. with a new $15 million revolving line of credit and an $8.1 million commercial real estate mortgage. Lytron is an international supplier of liquid cooling...
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April 29, 2016, 07:36 AM
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Citizens Bank announced that its Community Development Lending Group is providing $10 million in construction financing to Soldier On, Inc. for the adaptive reuse of a former policy academy in Agawam into a 51-unit affordable housing development for...
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April 27, 2016, 07:22 AM
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Citizens Bank announced it has provided a $15 million credit facility to Rubyhill Denver LLC, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital expenditures....
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March 30, 2016, 07:36 AM
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CPI Aerostructures, Inc. has entered into a $40.0 million amended and restated credit agreement that replaces its previous $35.0 million credit facility. BankUnited N.A. and Citizens Bank N.A. are lenders under the facility.The facility consists of a...
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March 28, 2016, 08:10 AM
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Tredegar Corporation announced that it has entered into a new $400 million five-year, secured revolving credit facility. The new facility includes a customary accordion feature allowing for additional borrowings of up to $50 million under certain...
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March 04, 2016, 07:54 AM
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Citizens Bank announced it has provided a $21.3 million credit facility to Barney’s Convenience Mart, Inc., an 18-site convenience store and retail fuel operator in Northwest Ohio. The funds include a $17.8 million term loan for the acquisition of...
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March 02, 2016, 07:36 AM
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Installed Building Products, Inc., an industry-leading installer of insulation products, announced it has entered into a new five-year, $325 million senior secured credit facility with an accordion feature allowing the Company to increase the...
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March 01, 2016, 07:51 AM
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Citizens Bank announced it is leading a new $75 million senior secured credit facility for Williamstown, N.J.-based Lydia Security Monitoring, Inc.Founded in 1978, Lydia is the parent company to COPS Monitoring, the largest independently owned...
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January 26, 2016, 07:04 AM
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Citizens Bank announced that it has provided $175 million in financing to Lowell-based TRC Companies, in part to be used for the previously announced $130 million acquisition of the Professional Services business segment of Tulsa, Okla.-based...
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December 08, 2015, 08:08 AM
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J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85...
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November 17, 2015, 08:11 AM
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Smokey Bones Bar & Fire Grill, a 67-unit, Florida-based casual dining chain specializing in “good food, good drinks, and good times,” has secured a $30 million credit facility from Providence, R.I.-based Citizens Bank. Smokey Bones is an affiliated...
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November 13, 2015, 08:10 AM
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Citizens Bank announced it is leading an $80 million senior secured credit facility as part of the acquisition of Everett, WA-based Aviation Technical Services, Inc., by New York private equity firm JLL Partners, Inc.“Citizens was a valuable...
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October 30, 2015, 07:40 AM
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Citizens Bank announced it is providing a $26 million senior secured credit facility to Aurora, Ill.-based Alarm Detection Systems. Founded in 1968, Alarm Detection Systems is a family-owned and operated company that installs and services fire alarms...
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October 01, 2015, 07:54 AM
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Citizens Bank announced it has provided a $60 million senior secured credit facility for Matteson, Ill.-based Rogers Enterprises, Inc., owner of a jewelry chain with 77 locations. Citizens acted as sole lead arranger of the $60 million asset-based...
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September 24, 2015, 08:04 AM
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Citizens Bank announced it has closed $60 million of new senior secured credit facilities for The Rockport Group, a Canton, Mass.-based shoe designer and manufacturer. Berkshire Partners LLC, a Boston-based investment firm, together with New Balance...
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August 27, 2015, 07:55 AM
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Citizens Bank announced it led $155 million in new financing for Southfield, MI-based Diversified Restaurant Holdings, Inc. to refinance existing debt and to fund the acquisition of 18 Buffalo Wild Wings restaurants in the St. Louis area for $54...
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July 01, 2015, 07:51 AM
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Planet Payment entered into a $10 million secured revolving credit facility pursuant to a Credit and Security Agreement dated June 10, 2015, by and among the company, Citizens Bank, N.A. and certain affiliates of the company as borrowers or...
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June 12, 2015, 07:38 AM
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Focus Financial Partners, LLC has increased its credit facility from $550 million to $1 billion to support its continued growth. The credit facility is supported by a consortium of leading financial institutions, including Bank of America, SunTrust...
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June 08, 2015, 07:21 AM
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Dillard’s, Inc. announced that it has issued a new $1 billion senior unsecured revolving credit facility, taking advantage of favorable market conditions and enhancing the company’s liquidity. This credit facility replaces a secured credit facility...
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May 15, 2015, 07:31 AM
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Citizens Bank announced, in its role as joint lead arranger and co-collateral agent, that it has closed on $180 million in financing to support Santa Barbara, Calif.-based Select Staffing’s merger with Atlanta-based EmployBridge. “Citizens was able...
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March 18, 2015, 07:52 AM
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Sabre Industries, Inc. and FWT, LLC have completed a strategic business combination. Based in Alvarado, Texas, Sabre is a leading producer of highly engineered structures used for electricity transmission and distribution and wireless...
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March 03, 2015, 07:10 AM
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Invacare Corporation announced the completion of a new revolving credit and security agreement establishing a $100 million asset-based lending (ABL) senior secured credit facility maturing in January 2018. The new credit facility replaces the...
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January 19, 2015, 08:03 AM
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Celadon Group, Inc. has increased its credit facility to $300 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital needs and...
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December 18, 2014, 07:47 AM
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Citizens Financial Group named Marc Paulhus, Head of Asset Finance for Citizens Commercial Banking, as Citizens Bank Rhode Island President. Paulhus, a Rhode Island native with degrees from Providence College and the University of Rhode Island, has...
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November 19, 2014, 07:11 AM
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MDC Partners Inc. and its subsidiaries have entered into an increase and amendment of its revolving credit facility. Among other benefits, the amendment: (i) expands the commitments under the facility by $100 million, from $225 million to $325...
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October 24, 2014, 07:43 AM
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Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an...
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October 20, 2014, 07:26 AM
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Berkshire Hills Bancorp plans to expand its commercial banking business in eastern Massachusetts and has recruited an experienced commercial banking team to service middle-market commercial and industrial businesses. The team will be based at...
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February 08, 2013, 07:52 AM
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