First Citizens Bank, through its energy finance business, served as co-lead arranger on a $300 million senior secured credit facility for Swift Current Energy, a North American clean energy platform.
First Citizens Bank, through its healthcare finance business, served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois.
First Citizens Bank, through its energy finance business, served as co-lead arranger on $315.7 million of financing for four battery energy storage systems in Texas.
First Citizens Bank, through its asset-based lending business, served as lead arranger in upsizing the credit facility for SG Credit Partners’ asset-based lending verticals comprised of SG Consumer Products and SG Commercial Finance.
First Citizens Bank, through its energy finance business, served as lead arranger on $145 million in financing on behalf of Linea Energy for the development of advanced renewable energy projects across the United States.
Silicon Valley Bank has been operating as a division of First Citizens Bank for nearly 18 months following its high-profile collapse in March 2023. ABF Journal recently caught up with Peter Bristow and Marc Cadieux for a post-acquisition update.
First Citizens Bank’s middle-market banking business provided $25 million in financing to F.W. Webb, a wholesale distributor of plumbing, heating and industrial products in the Northeastern United States.
First Citizens Bank’s CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts. The financing included a $5 million upsize to a $40 million committed ABL revolving line of credit and a $8 million term loan.
First Citizens Bank’s middle market banking group is expanding in the northeastern U.S., leveraging its middle-market expertise to provide a full suite of financial solutions to midsize businesses across the region.
Achieve Life Sciences has entered into a $20 million debt refinancing agreement with Silicon Valley Bank (SVB), a division of First-Citizens Bank. The new loan agreement refinances the existing debt facility with SVB and SVB Capital and extends the maturity date to Dec. 1, 2027.