Citizens Commercial Banking is leading a new senior secured credit facility for Taco, an HVAC systems manufacturer. Citizens is administrative and collateral agent, sole arranger and sole bookrunner in the 10-bank group.

Cranston, RI-based Taco, a third generation family-owned company founded in 1920, will use the new funds, in part, to acquire the Askoll SEI, heating pump subsidiary of the privately held Italian company Askoll Holding.

“We have been a longtime client of Citizens Commercial Banking and we appreciate the partnership,” said Taco CEO John Hazen White Jr. “The Citizens team brings great ideas and seamless execution to every transaction.”