First Citizens Bank Archives

First Citizens Bank Arranges $75MM in Financing for Turning Point Brands

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.

J.P. Morgan, BofA, Citizens and SVB Provide $350MM Credit Facility to Grindr

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 Arranges $99.3MM for Kayne Anderson Real Estate and Remedy Medical Properties

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 Provides Credit Facility to Behavioral Healthcare Services Company

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 Serves as Co-Lead Arranger on $250MM in Financing for Middle River Power

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.

November 17, 2023 First Citizens Bank | Mark Kubow | Middle River Power | Mike Lorusso | MUFG Ian Koplin

First Citizens Bank Leads $170MM Refinancing for esVolta

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.

November 16, 2023 esVolta | First Citizens Bank | Mike Lorusso | Randolph Mann Ian Koplin

First Citizens Middle Market Banking Names Tollenaer Market Leader for Atlanta

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.

November 15, 2023 Brendan Chambers | First Citizens Bank | Matthew Tollenaer Ian Koplin

MUFG-Led Syndicate Provides $338MM in Debt Financing to Arevon Energy

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 Provides $60MM to Support Battery Storage Project in California

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.

October 25, 2023 Alex O'Cinneide | Big Rock ESS Assets | First Citizens Bank | Gore Street Energy Storage Fund | Mike Lorusso Ian Koplin

First Citizens Bank Closes $66MM+ in Financings with Consumer Products Companies

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.

October 19, 2023 CIT Commercial Services | First Citizens Bank | Michael Hudgens Ian Koplin

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