Citizens Commercial Banking led a $700 million senior credit facility for Stamford, CT-based Hexcel.

A Citizens client since 2010, Hexcel will use the financing for general corporate purposes.

Citizens was lead left arranger, lead bookrunner and administrative agent in the 12-bank group.

Founded in 1948, Hexcel is a leading advanced composites company specializing in the development, manufacturing, and marketing of lightweight, high-performance materials.
Hexcel’s products are used in a wide variety of applications such as the manufacturing of commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive structures and a wide variety of other industrial applications.

“Hexcel has been a great client, and we’re happy to be able to offer our industry expertise within Aerospace and Defense as well as our capital markets capabilities to help them achieve their strategic and financial goals,” said Daniel K. Fitzpatrick, head of MidCorporate and Industry Verticals at Citizens Bank.