Citizens Commercial Banking led a new credit facility for UK-based Bromford Industries to support the acquisition of Accrofab. Citizens is the sole lead arranger.
Citizens Commercial Banking led a senior secured asset-based revolving credit facility for Burris Logistics to support its acquisition of Trinity Logistics.
Citizens Commercial Banking served as administrative agent and lead left arranger for a $600 million senior secured credit facility for Rochester, NY- based Monro.
Citizens Commercial Banking led a senior secured asset-based financing for Merfish Pipe Holdings, a portfolio company of One Equity Partners, to support its acquisition of United Pipe & Steel.
Middle-market companies seeking growth or liquidity have fueled a strong M&A market in recent years, but Citizens Commercial Banking’s annual survey found many companies see a slowdown on the horizon.
Citizens Commercial Banking acted as sole arranger and administrative agent on a $60 million senior secured credit facility for API Heat Transfer, a designer and manufacturer of specialty heat exchangers.
Citizens Financial appointed Ted Swimmer, head of corporate finance and capital markets for Citizens Commercial Banking, to the company’s executive committee.
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 Commercial Banking provided a $25 million credit facility to Newington, NH-based SEA-3 and its affiliate Blackline Marketing as co-borrowers.