Citizens Archives - ABFJournal

Citizens Business Conditions Index Drops Sharply in Q4/22

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect.

January 26, 2023 Citizens | Eric Merlis Ian Koplin

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year.

January 11, 2023 Citizens | Citizens M&A Advisory | Jason Wallace Ian Koplin

Citizens Launches Carbon Offset Deposit Accounts for Corporate Clients

Citizens launched a carbon offset deposit account solution to provide corporate clients with a way to acquire carbon offsets using credit earned on their deposits and to integrate sustainability into their strategies and products.

October 13, 2022 Citizens | Michael Cummins Ian Koplin

Citizens Provides $50MM Credit Facility to Crosslake Technologies

Citizens provided a $50 million credit facility to Charlotte, NC-based Crosslake Technologies. Citizens is left lead arranger and administrative agent. The credit has a $25 million revolving line of credit and a $25 million term loan.

September 19, 2022 Barr Blanton | Citizens | Crosslake Technologies | Falfurrias Capital Partners | Wilson Sullivan Ian Koplin

Guggenheim Securities Advises QinetiQ on Acquisition of Avantus Federal

QinetiQ entered into a definitive agreement to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. Guggenheim Securities served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise.

Phoenix IB Advises Polymeric Resources Corp. on $30MM Refinancing Through Citizens

Phoenix IB, a middle market situations investment bank, acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring and negotiating a refinancing of $30 million through Citizens.

July 15, 2022 Citizens | Phoenix IB | Polymeric Resources Corporation | Vince Colistra Ian Koplin

Citizens Leads $1.8B Asset-Based Senior Credit Facilities for PRO Unlimited

Citizens led a $635 million increase to San Francisco-based PRO Unlimited’s existing $1.16 billion of asset-based senior credit facilities to support the company’s acquisition of Geometric Results.

Citizens Provides $20MM Credit Facility to Oscar de la Renta

Citizens provided a $20 million revolving line of credit to New York-based luxury fashion retailer Oscar de la Renta.

March 11, 2022 Alex Bolen | Citizens | Jaime Ward | Oscar de la Renta Ian Koplin

Citizens Business Conditions Index Drops, Remains in Expansionary Territory in Q4/21

Citizens reported that its Citizens Business Conditions Index (CBCI) dropped to a mark of 54.4 for Q4/21, down from 57.8 at the end of September but still in expansionary territory.

January 28, 2022 Citizens | Citizens Business Conditions Index | Eric Merlis Ian Koplin

Citizens Provides Financing to PRO Unlimited Global Solutions

Citizens provided several financing transactions to PRO Unlimited Global Solutions, a provider of workforce management solutions, including $1.165 billion in senior credit facilities bifurcated between a $1.065 billion asset-based revolving credit facility and a $100 million first in, last out tranche.

December 21, 2021 Citizens | PRO Unlimited Global Solutions | Ted Swimmer Ian Koplin

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