First Citizens Bank’s asset-based lending business, part of the bank’s commercial finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands.
Grindr completed a refinancing via a new $300 million term loan A facility and a $50 million revolving credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of America, Citizens Bank and Silicon Valley Bank, a division of First Citizens Bank.
First Citizens Bank’s healthcare finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties.
First Citizens Bank’s asset-based lending business provided a credit facility to The Stepping Stones Group to accommodate the business’ seasonal working capital needs during the school year.
First Citizens Bank’s energy finance business acted as co-lead arranger on $250 million in financing on behalf of a portfolio of 327MW, one-hour duration battery storage projects developed in California by Middle River Power.
First Citizens Bank’s energy finance business served as lead agent on a $170 million credit facility for esVolta, a developer, owner and operator of utility-scale battery energy storage projects in North America.
First Citizens Bank’s middle-market banking business named Matthew Tollenaer managing director and market leader dedicated to originating and cultivating business in Atlanta and the surrounding region.
Arevon Energy closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. The $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation and First Citizens Bank.
First Citizens Bank’s energy finance business served as lead agent on $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project located in Imperial County, CA.
First Citizens Bank’s CIT Commercial Services subsidiary recently closed three major client financing transactions, including a $50 million factoring facility, as well as working capital facilities totaling over $16 million.