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.
Citizens led a $125 million asset-based revolving credit facility for Destination XL Group, an omnichannel specialty retailer of big and tall men’s apparel. Citizens is the sole lead arranger, sole bookrunner and administrative agent for the facility.
Citizens led $75 million in credit facilities for Procentrix, a professional and technology services company serving U.S. federal government customers in civilian, homeland security and defense sectors. Citizens is the left lead arranger and administrative agent for the facility.
Citizens reported that the Citizens Business Conditions Index fell slightly to a mark of 57.1 in Q3/21 from Q2/21’s reading of 57.4. Despite the decrease, Citizens said the third quarter’s reading reflects continued strength in the recovery since COVID-19 stunned the economy and markets in 2020.
SageSure secured $125 million in bank financing. The syndicated facility is led by Citizens is leading the syndicated facility with ING Group, BMO Harris and East West Bank serving as joint lead arrangers.
Citizens served as sole lead arranger for $325 million in senior secured credit facilities for Massachusetts-based W.B. Mason. The new senior secured credit facilities include a $275 asset-based revolving credit facility and a $50 million first in, last out facility.
Saks OFF 5TH closed on a syndicated, five-year $125 million asset-based revolving credit facility jointly arranged by Citibank and Citizens and a $20 million term loan arranged by Callodine Commercial Finance.
NextEdge completed the acquisitions of SBS Services Holdings, Tachyon and Spectrum Services. KeyBank Capital Markets served as lead left arranger and administrative agent and Citizens served as lead right arranger on a credit facility to support the transactions.
Citizens served as lead left arranger for a $350 million senior credit facility for Stoughton, MA-based Liquid Tech Solutions, which will use the new credit facility to repay existing debt and to support future growth.