Citizens Adds Head of Corporate Finance to Exec Committee

Citizens Financial appointed Ted Swimmer, head of corporate finance and capital markets for Citizens Commercial Banking, to the company’s executive committee.

Citizens Bank Leads New Financing for MAG Aerospace

Citizens Commercial Banking led a new credit facility for Fairfax, VA-based MAG Aerospace to provide working capital and acquisition financing. Citizens served as left lead arranger, joint bookrunner and administrative agent on the transaction.

Citizens Bank Provides $25MM SEA-3 Credit Facility

Citizens Commercial Banking provided a $25 million credit facility to Newington, NH-based SEA-3 and its affiliate Blackline Marketing as co-borrowers.

Citizens Bank Leads $210MM Financing for Franchisee Palo Alto

Citizens Commercial Banking provided $210 million in financing to Denver-based Palo Alto, one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the left lead arranger of a five-bank group.

Citizens Bank Provides Revolver for Stonegate Capital

Citizens Commercial Banking provided a revolving line of credit for Stonegate Capital, a Chicago-based commercial finance company serving lower middle market companies.

Citizens Provides $60MM ABL Facility to Total Safety

Citizens Commercial Banking provided a $60 million asset-based revolver to Total Safety and supported Littlejohn’s acquisition of a majority interest in the company.

Citizens Leads $55MM of Credit Facilities to Godshall’s Quality Meats

Citizens Commercial Banking is led $55 million of credit facilities for Godshall’s Quality Meats in support of the company’s ESOP conversion and upcoming facilities expansion.

Citizens Post-Election Survey: Business Owners More Optimistic for 2017

Optimism and confidence are on the rise among middle market business owners, according to a Citizens Commercial Banking survey examining the impact of the 2016 election on the appetite for mergers and acquisitions.

Citizens, Opportunity Network Partner For Networking Platform

Citizens Bank partnered with Opportunity Network to offer Citizens’ clients access to a business-to-business platform connecting businesses owners to a network of CEOs and $35 billion of deal flow.

Citizens Bank Provides $20MM ABL Revolver to Garber Bros.

Citizens Commercial Banking, acting as sole lender, is providing a $20 million credit facility to Garber Bros., a distributor of cigarettes, tobacco, health, beauty and grocery products to convenience stores located primarily in the Northeast.