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.
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.
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, 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.
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 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.
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.
Citizens served as sole lead arranger on a $70 million asset-based revolving credit facility for Chicago-based Stonegate Capital Holdings to support its acquisition by SG Credit Partners.
Citizens served as sole lead arranger for Illinois-based Parts Town’s upsized $150 million asset-based revolving credit facility. The financing also included a $1.52 billion unitranche debt facility from Golub Capital.