Economic Optimism Fuels 2018 Middle Market M&A Scene

Interest among middle market companies in both buying and selling has increased significantly in the past year, according to the seventh annual Citizens Commercial Banking Middle Market M&A Outlook.

BofA Agents WEX Term Loan Repricing

WEX repriced its secured term loans under its existing credit facility. Bank of America acted as administrative agent, joint lead arranger and joint bookrunner.

Citizens Upsizes VSE Facility to $500MM

VSE amended its credit agreement with Citizens Bank as administrative agent, increasing the term loan to $100 million, the revolving credit facility to $300 million and the incremental facility from $75 million to $100 million.

Citizens Provides $125MM Facility to ANI

ANI Pharmaceuticals closed a new five-year, $125 million senior secured credit facility with Citizens Bank.

Goldman Sachs Agents $2.6B Facilities for VICI Properties

VICI Properties entered into two new credit facilities, totaling $2.6 billion. Goldman Sachs served as administrative agent for both transactions.

Citizens Bank Provides $23MM Facility to PSI Molded Plastics

Citizens Commercial Banking provided $23 million in credit to help fund the merger of Wolfeboro, NH-based GI Plastek and Myrtle Beach, SC-based Precision Southeast to create PSI Molded Plastics.

JPMorgan Agents $273MM Facility for Progress Software

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility.

PNC Capital Markets Leads New $600MM Revolver for Steel Partners

Steel Partners Holdings entered into a new five-year, $600 million revolving credit facility with a syndicate of banks led by PNC Capital Markets.

Citizens Bank Leads $57.5MM in Financing for United Pipe & Steel

Citizens Commercial Banking led $57.5 million in financing for United Pipe and Steel, an independent master distributor of steel pipe, copper tubing, plastic pipe, electrical conduit and related products. Citizens is the sole lead arranger.

Citizens, Fundation Partner to Offer Digital Business Loans

Citizens Bank launched a new digital lending capability through a collaboration with Fundation that will make it easier for small business customers to apply and receive approvals for loans.