Citizens led $75 million in 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 administrative agent for the facility.
The new credit facilities supported an investment in Procentrix by Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group. This investment will be used to bring more capacity and service offerings to address additional customer requests and to diversify Procentrix’s customer base.
Procentrix provides solutions that help its clients improve and automate mission-critical enterprise-scale information technology workloads. Its solutions and proprietary frameworks help facilitate the integration of cloud services and enable the automation of enterprise-level and cross-agency workflows as well as the incorporation of Microsoft solutions.
“Our team was able to support the Macquarie Capital team’s investment and we look forward to working with them to meet their future strategic objectives,” Dillon Bowles, managing director and head of aerospace, defense and government services at Citizens, said. “Providing investment capital is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”
