Santander Bank closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company.
Citizens Bank appointed Ted Swimmer as head of Corporate Finance and Capital Markets for Citizens Commercial Banking, replacing Bob Rubino. Swimmer has led Citizens’ Sponsor and Corporate Finance groups.
Last fall, the Citizens Bank Commercial Markets Team conducted its annual M&A outlook survey for 2017, which predicted a busy year for mergers and acquisitions. Respondents indicated that their perceptions of the market in 2017 did not depend on the results of the presidential election. A survey conducted in February showed that might not have been the case, though, as overall optimism in the economy has increased. Head of Corporate Finance and Capital Markets at Citizens Commercial Banking Bob Rubino broke down the results of the new survey in an interview with ABF Journal.
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 Commercial Banking released its annual Middle Market M&A Outlook for 2017, based on a survey of 600 C-level executives. The forecast? 2017 could be a busy year for M&A transactions as both buyers and sellers feel it’s time to act. Head of Corporate Finance and Capital Markets at Citizens Commercial Banking, Bob Rubino broke down the results in detail for ABF Journal, including what’s fueling the M&A activity and how the national election results can affect the outlook.