FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (92 Results) - Citizens Bank

Citizens Commercial Banking has established a West Region and tapped a new leader for its Midwest Region, further broadening and deepening its capabilities and reach.These moves bring additional local focus and expertise to bear as Citizens continues... Read Story
September 12, 2019, 09:02 AM


The U.S. business climate remains strong with many companies in growth mode despite recent global economic headwinds – even as the current economic expansion enters its 11th year – according to a new report from Citizens Bank.The first-ever Citizens... Read Story
August 27, 2019, 09:00 AM


Citizens Bank announced its Community Development Group has provided $29.5 million in construction loans to MM Poth Brewery LLC and Off Road Poth Bridge Member, LLC, entities sponsored by MM Partners, LLC, for the adaptive re-use and substantial... Read Story
June 12, 2019, 09:00 AM


Citizens Bank announced today that its Community Development Group has provided an $18.8 million construction loan to Gotham Tower LP, an entity sponsored by James Maransky of E-Built, Inc., for the substantial renovation of the vacant historic... Read Story
March 27, 2019, 09:00 AM


Citizens Commercial Banking led a senior secured asset-based financing to Merfish Holdings, LLC for the acquisition of United Pipe & Steel by Houston-based Merfish Pipe Holdings, a portfolio company of One Equity Partners.  Citizens served as Lead... Read Story
February 21, 2019, 08:00 AM


Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error. FULLBEAUTY Brands Holdings Corp. announced... Read Story
February 11, 2019, 07:13 AM


Carbonite, Inc., a cloud-based data protection provider, and Webroot Inc., a cybersecurity company, announced that they have entered into a definitive agreement under which Carbonite will acquire Webroot for approximately $618.5 million in cash.... Read Story
February 08, 2019, 09:00 AM


Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown... Read Story
January 30, 2019, 09:00 AM


Gibraltar Industries, Inc., a manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets, announced that it has closed on a new $400 million five-year revolving... Read Story
January 28, 2019, 07:12 AM


ANI Pharmaceuticals, Inc. announced that it has entered an amended and restated five-year Senior Secured Credit Facility for up to $265.2 million with its existing syndicate of bank lenders. The Facility amends ANI's current $125 million Senior... Read Story
December 28, 2018, 08:32 AM


Kadant Inc. announced that on December 14, 2018 it amended its existing credit agreement ("Credit Agreement") to increase its committed borrowing capacity under its revolving credit facility to $400 million, increase its uncommitted incremental... Read Story
December 21, 2018, 07:10 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $41.2 million credit facility to Chelten House Products, Inc., a family-owned manufacturer of private label organic and conventional salad dressings, marinades and sauces that... Read Story
November 14, 2018, 08:04 AM


Eastern Bank, America’s oldest and largest mutual bank, announced that Donald B. Lewis has joined its Commercial Lending Division as Senior Vice President, Head of Asset Based Lending. Prior to joining Eastern, Lewis spent 27 years at Citizens Bank... Read Story
November 06, 2018, 08:18 AM


Citizens Bank that Citizens Commercial Banking is providing an $80 million asset-based revolving line of credit to New York-based Vince, a global luxury apparel and accessories brand. Citizens is the sole lead arranger, sole bookrunner and... Read Story
September 12, 2018, 07:13 AM


Citizens Bank announced that Citizens Commercial Banking led a new credit facility for SunCommon, Vermont’s largest provider of residential, community and commercial solar systems. The funds will fuel growth after SunCommon’s acquisition of Rhinebeck... Read Story
June 28, 2018, 07:05 AM


American Finance Trust, Inc., a public non-listed REIT which owns a well-diversified $3.5 billion portfolio of single-tenant office, distribution and retail and multi-tenant retail and lifestyle center properties, announced that on April 26, 2018... Read Story
May 01, 2018, 07:07 AM


Allianz Global Investors, one of the world’s leading active investment managers, StepStone Group LP, a global private markets solutions provider, and Citizens Bank, an originator of middle-market loans, have collaborated in the launching of AC Loan... Read Story
March 30, 2018, 07:45 AM


Citizens Bank announced that Patrick Bickers will lead its Business Capital team. As one of the nation’s leading asset-based finance providers, Citizens Business Capital specializes in providing highly structured asset-based loans tailored to each... Read Story
March 28, 2018, 07:19 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $50 million asset-based revolver to Las Vegas-based privately held Go Wireless, Inc., which operates Go Wireless stores across the United States. Citizens is the sole lender and... Read Story
March 21, 2018, 07:14 AM


Citizens’ Commercial Real Estate clients will have an additional source of long-term permanent financing opportunities under a referral agreement with PGIM Real Estate Finance. The Citizens Commercial Real Estate team continues to add solutions to... Read Story
March 06, 2018, 07:00 AM


Citizens Bank announced that Citizens Commercial Banking has arranged $32 million of credit facilities for Bensalem, PA-based thrift retailer 2nd Ave LLC. Citizens acted as lead arranger and sole senior lender for the financing. The new credit... Read Story
January 31, 2018, 07:14 AM


Citizens Bank announced that Citizens Commercial Banking is leading $400 million in credit facilities for VSE Corp., a diversified logistics and services company based in Alexandria, Va. Citizens is the sole lead arranger. A Citizens client since... Read Story
January 12, 2018, 07:20 AM


Citizens Bank announced that Citizens Commercial Banking has provided a $58 million loan to Jemal's Channing Place LLC / Douglas Development Corp. for the Brookland Press Apartments, a 295-unit, Class A, multifamily project in the Brookland... Read Story
January 04, 2018, 07:06 AM


Citizens Bank announced that Citizens Commercial Banking has provided a $25 million credit facility to Newington, NH-based SEA-3, LLC, a liquefied petroleum gas wholesale storage and distribution terminal operator located on the Piscataqua River and... Read Story
December 20, 2017, 08:00 AM


Citizens Bank announced that Citizens Commercial Banking has provided $210 million in financing to Denver-based Palo Alto, Inc., one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the Left Lead arranger of a... Read Story
November 16, 2017, 07:09 AM


After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True... Read Story
October 30, 2017, 07:40 AM


Crawford & Company®, an independent provider of claims management solutions to insurance companies and self-insured entities, announced the execution of a new five-year, $450 million senior secured revolving credit facility with a syndicate of banks... Read Story
October 13, 2017, 07:42 AM


Citizens Bank announced that Wit Derby and Vincent Ng have joined the Structured Finance Group at Citizens Commercial Banking.Derby joins Citizens from FTI Consulting where he has been a Managing Director for the past eight years. A Cornell... Read Story
September 21, 2017, 07:10 AM


Commercial lender FGI Worldwide announced the completion of a full recapitalization of the company. The recapitalization includes the infusion of $140 million in new capital, including new equity investors and an expanded board of directors. “This... Read Story
September 08, 2017, 07:22 AM


Citizens Bank has hired Jerry Hullinger as Managing Director and Head of Syndicate. Hullinger has 25 years of experience in leveraged finance and worked for Wells Fargo / Wachovia Securities for the last 20 years, most recently as a Managing Director... Read Story
August 28, 2017, 09:00 AM


Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to Cranston, R.I.-based Luxury Brand Holdings, Inc., a specialty retailer of fine jewelry which operates under the “Ross-Simons” and “Sidney... Read Story
August 03, 2017, 07:06 AM


Citizens Bank has hired Joseph C. Giampetroni as Regional Executive for the Midwest with responsibility for corporate banking in the greater Chicago area, Michigan and Ohio. Giampetroni joins Citizens with extensive banking experience in advising and... Read Story
July 18, 2017, 07:19 AM


Ongoing distress in the retail sector claimed another casualty this week, with True Religion Brand Jeans filing for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware. In a court filingthe company stated... Read Story
July 05, 2017, 08:07 AM


Citizens Bank announced that Citizens Commercial Banking led a $220 million credit facility to support Avista Capital Partners’ acquisition of National Spine & Pain Centers from Sentinel Capital Partners. Citizens is Left Lead Arranger and... Read Story
June 30, 2017, 07:37 AM


Citizens Bank announced that Citizens Commercial Banking provided a $41 million loan to a joint venture between Atlanta-based Songy Highroads LLC and an affiliate of Chicago-based Hyatt Hotels Corporation for the construction of a new 201-room... Read Story
May 26, 2017, 07:20 AM


Citizens Bank announced that Citizens Commercial Banking has closed a new $450 million asset-based revolver to support a recapitalization of PRO Unlimited by Harvest Partners, a leading middle-market private equity firm, and Investcorp, a global... Read Story
May 10, 2017, 07:23 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $60 million asset-based revolver to Total Safety, Inc., a global provider of integrated safety solutions for the energy and petrochemical industries. Citizens supported... Read Story
May 04, 2017, 07:10 AM


Citizens Bank announced the appointment of Ted Swimmer as Head of Corporate Finance and Capital Markets for Citizens Commercial Banking, effective immediately. Swimmer succeeds Bob Rubino, who is leaving to pursue other opportunities. Swimmer will... Read Story
May 02, 2017, 08:00 AM


Citizens Bank announced the appointment of Jack Murphy as President of Business Banking. Murphy, an industry veteran with more than 25 years of experience, previously served as head of Business Banking Sales. Murphy replaces Chris Ward, who is... Read Story
April 26, 2017, 07:58 AM


Eastern Bank, a full-service commercial bank headquartered in Boston, announced the appointment of Gregory P. Buscone as a Senior Vice President and Regional Group Head in Commercial Banking.  Buscone will report directly to Jan Miller, Vice Chairman... Read Story
April 24, 2017, 07:33 AM


Citizens Bank announced that Citizens Commercial Banking is leading $55 million of credit facilities for Godshall’s Quality Meats in support of the company's employee stock ownership plan (ESOP) conversion and upcoming facilities expansion. Citizens... Read Story
April 05, 2017, 07:07 AM


Lantheus Holdings, Inc., parent company of Lantheus Medical Imaging, Inc., announced the closing of a new $275 million term loan facility and a new $75 million five-year cash-flow revolver facility.Net proceeds from the new term loan, together with... Read Story
March 31, 2017, 07:14 AM


Citizens Bank announced that Citizens Commercial Banking is leading a $33.75 million credit facility for WE 25 Bacon Road LLC to finance the acquisition and renovation of an industrial/warehouse complex at 25 Bacon Road by Winstanley Enterprises. ... Read Story
March 21, 2017, 07:00 AM


Mitel, a provider of business communications, announced that it has closed a new credit facility that includes significantly improved terms as well as greatly enhanced capacity and flexibility to capitalize on the rapidly changing unified... Read Story
March 10, 2017, 07:18 AM


Quest Resource Holding Corporation and certain of its subsidiaries, announced that they entered into a Loan, Security and Guaranty Agreement, dated as of February 24, 2017, with Citizens Bank, National Association as a lender, and as administrative... Read Story
February 28, 2017, 07:00 AM


Herbalife Ltd., a global nutrition company, announced that it has closed a new $1.45 billion senior secured credit facility, which consists of a $150 million revolving credit facility maturing 2022 and a $1.3 billion term loan maturing 2023.   “This... Read Story
February 16, 2017, 06:37 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $65 million loan to NED Altoona LLC / New England Development to finance, in part, the construction of a 300,000 square-foot retail outlet center outside Des Moines, Iowa. ... Read Story
February 15, 2017, 07:45 AM


Citizens Bank announced that Citizens Commercial Banking is partnering with Opportunity Network to offer Citizens’ clients access to an innovative business-to-business networking platform designed to promote growth by connecting business owners to a... Read Story
February 08, 2017, 07:01 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $20 million credit facility to Garber Bros., Inc., which distributes cigarettes, tobacco, health and beauty, and grocery products to convenience stores located primarily in the... Read Story
February 01, 2017, 07:51 AM


TRC Companies, Inc. a provider of engineering, environmental consulting and construction-management services to the power, environmental, infrastructure and oil and gas markets, announced it has closed on a $250 million revolving credit facility. The... Read Story
February 01, 2017, 07:30 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $30 million credit facility to NEJ, Inc., a global leader in excess inventory solutions for retailers and specialty stores. Citizens is the sole administrative agent. Beacon... Read Story
January 31, 2017, 08:07 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $35 million credit facility to Retail Concepts, which operates 33 retail stores and an ecommerce website under the name Sun & Ski. Citizens is the sole lender and administrative... Read Story
January 26, 2017, 07:20 AM


Citizens Bank announced that Citizens Commercial Banking is providing a $20 million revolving credit facility to David Webb, LLC. Citizens is the sole lender and administrative agent.Established in 1948, David Webb is a premier jewelry brand whose... Read Story
January 25, 2017, 07:51 AM


Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks.... Read Story
December 21, 2016, 07:33 AM


UCI International, LLC  announced the United States Bankruptcy Court for the District of Delaware confirmed its plan of reorganization. The confirmation order marks a key milestone in the 6 month reorganization process and positions the Company for... Read Story
December 07, 2016, 07:42 AM


Prime Healthcare Foundation, Inc., a not for profit hospital system, announced that it has closed a $160 million senior secured credit facility (Facility) led by BBVA Compass (BBVA). The Facility, which may be expanded in the future through a $50... Read Story
November 22, 2016, 07:39 AM


Sterling National Bank announced Joe Giamartino has joined the bank's Westchester commercial banking team as Senior Managing Director and Senior Vice President.Giamartino will help drive the bank's growth across the middle market, focusing on... Read Story
November 03, 2016, 07:28 AM


ARC Group Worldwide, Inc., a leading global provider of advanced manufacturing and 3D printing solutions, announced the closing of a new $42.5 million senior credit agreement with Citizens Bank, N.A. Proceeds from the financing will be used to... Read Story
September 30, 2016, 07:45 AM


The Mohegan Tribal Gaming Authority, or the Authority, the owner of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, announced that it has engaged Citizens Bank, N.A., Merrill Lynch, Pierce, Fenner & Smith... Read Story
September 20, 2016, 07:23 AM


Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending... Read Story
September 13, 2016, 07:44 AM


Business Capital, a leading commercial finance firm, has strengthened its industry presence with the appointment of two new managers, Dominic Randolph and Joe LaBarbera, and the promotion of Reed Upson. All are based in the San Francisco office and... Read Story
September 07, 2016, 07:32 AM


Wingstop Inc., an award-winning wing restaurant concept with more than 900 locations worldwide, announced it has closed on a new $180 million senior secured debt facility and that its board of directors has declared a special cash dividend of $2.90... Read Story
July 01, 2016, 08:04 AM


Vonage Holdings, a provider of cloud communications services for businesses, has completed the acquisition of privately-held Nexmo for $230 million and closed on an expanded $450 million credit facility. San Francisco-based Nexmo provides application... Read Story
June 07, 2016, 07:56 AM


ANI Pharmaceuticals, Inc. announced that it has entered a new three-year senior secured asset-based revolving credit facility for up to $30 million. This facility will be secured by inventory and certain other working capital and related assets of... Read Story
May 16, 2016, 08:02 AM


Radius Bank, a virtual community bank whose roots are in Boston, MA, announced the addition of a new executive to its senior management team. Philip (Phil) Peters was named Executive Vice President / Chief Operating Officer. A seasoned banking... Read Story
May 12, 2016, 07:19 AM


Citizens Bank announced that Citizens Commercial Banking has provided Woburn-based Lytron, Inc. with a new $15 million revolving line of credit and an $8.1 million commercial real estate mortgage. Lytron is an international supplier of liquid cooling... Read Story
April 29, 2016, 07:36 AM


Citizens Bank announced that its Community Development Lending Group is providing $10 million in construction financing to Soldier On, Inc. for the adaptive reuse of a former policy academy in Agawam into a 51-unit affordable housing development for... Read Story
April 27, 2016, 07:22 AM


Citizens Bank announced it has provided a $15 million credit facility to Rubyhill Denver LLC, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital expenditures.... Read Story
March 30, 2016, 07:36 AM


CPI Aerostructures, Inc. has entered into a $40.0 million amended and restated credit agreement that replaces its previous $35.0 million credit facility. BankUnited N.A. and Citizens Bank N.A. are lenders under the facility.The facility consists of a... Read Story
March 28, 2016, 08:10 AM


Tredegar Corporation announced that it has entered into a new $400 million five-year, secured revolving credit facility. The new facility includes a customary accordion feature allowing for additional borrowings of up to $50 million under certain... Read Story
March 04, 2016, 07:54 AM


Citizens Bank announced it has provided a $21.3 million credit facility to Barney’s Convenience Mart, Inc., an 18-site convenience store and retail fuel operator in Northwest Ohio. The funds include a $17.8 million term loan for the acquisition of... Read Story
March 02, 2016, 07:36 AM


Installed Building Products, Inc., an industry-leading installer of insulation products, announced it has entered into a new five-year, $325 million senior secured credit facility with an accordion feature allowing the Company to increase the... Read Story
March 01, 2016, 07:51 AM


Citizens Bank announced it is leading a new $75 million senior secured credit facility for Williamstown, N.J.-based Lydia Security Monitoring, Inc.Founded in 1978, Lydia is the parent company to COPS Monitoring, the largest independently owned... Read Story
January 26, 2016, 07:04 AM


Citizens Bank announced that it has provided $175 million in financing to Lowell-based TRC Companies, in part to be used for the previously announced $130 million acquisition of the Professional Services business segment of Tulsa, Okla.-based... Read Story
December 08, 2015, 08:08 AM


J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85... Read Story
November 17, 2015, 08:11 AM


Smokey Bones Bar & Fire Grill, a 67-unit, Florida-based casual dining chain specializing in “good food, good drinks, and good times,” has secured a $30 million credit facility from Providence, R.I.-based Citizens Bank. Smokey Bones is an affiliated... Read Story
November 13, 2015, 08:10 AM


Citizens Bank announced it is leading an $80 million senior secured credit facility as part of the acquisition of Everett, WA-based Aviation Technical Services, Inc., by New York private equity firm JLL Partners, Inc.“Citizens was a valuable... Read Story
October 30, 2015, 07:40 AM


Citizens Bank announced it is providing a $26 million senior secured credit facility to Aurora, Ill.-based Alarm Detection Systems. Founded in 1968, Alarm Detection Systems is a family-owned and operated company that installs and services fire alarms... Read Story
October 01, 2015, 07:54 AM


Citizens Bank announced it has provided a $60 million senior secured credit facility for Matteson, Ill.-based Rogers Enterprises, Inc., owner of a jewelry chain with 77 locations. Citizens acted as sole lead arranger of the $60 million asset-based... Read Story
September 24, 2015, 08:04 AM


Citizens Bank announced it has closed $60 million of new senior secured credit facilities for The Rockport Group, a Canton, Mass.-based shoe designer and manufacturer. Berkshire Partners LLC, a Boston-based investment firm, together with New Balance... Read Story
August 27, 2015, 07:55 AM


Citizens Bank announced it led $155 million in new financing for Southfield, MI-based Diversified Restaurant Holdings, Inc. to refinance existing debt and to fund the acquisition of 18 Buffalo Wild Wings restaurants in the St. Louis area for $54... Read Story
July 01, 2015, 07:51 AM


Planet Payment  entered into a $10 million secured revolving credit facility pursuant to a Credit and Security Agreement dated June 10, 2015, by and among the company, Citizens Bank, N.A. and certain affiliates of the company as borrowers or... Read Story
June 12, 2015, 07:38 AM


Focus Financial Partners, LLC has increased its credit facility from $550 million to $1 billion to support its continued growth. The credit facility is supported by a consortium of leading financial institutions, including Bank of America, SunTrust... Read Story
June 08, 2015, 07:21 AM


Dillard’s, Inc. announced that it has issued a new $1 billion senior unsecured revolving credit facility, taking advantage of favorable market conditions and enhancing the company’s liquidity. This credit facility replaces a secured credit facility... Read Story
May 15, 2015, 07:31 AM


Citizens Bank announced, in its role as joint lead arranger and co-collateral agent, that it has closed on $180 million in financing to support Santa Barbara, Calif.-based Select Staffing’s merger with Atlanta-based EmployBridge. “Citizens was able... Read Story
March 18, 2015, 07:52 AM


Sabre Industries, Inc. and FWT, LLC have completed a strategic business combination. Based in Alvarado, Texas, Sabre is a leading producer of highly engineered structures used for electricity transmission and distribution and wireless... Read Story
March 03, 2015, 07:10 AM


Invacare Corporation announced the completion of a new revolving credit and security agreement establishing a $100 million asset-based lending (ABL) senior secured credit facility maturing in January 2018. The new credit facility replaces the... Read Story
January 19, 2015, 08:03 AM


Celadon Group, Inc. has increased its credit facility to $300 million and reset the term on its five-year, revolving credit facility agented by Bank of America.  The facility will continue to be used to provide for ongoing working capital needs and... Read Story
December 18, 2014, 07:47 AM


Citizens Financial Group named Marc Paulhus, Head of Asset Finance for Citizens Commercial Banking, as Citizens Bank Rhode Island President. Paulhus, a Rhode Island native with degrees from Providence College and the University of Rhode Island, has... Read Story
November 19, 2014, 07:11 AM


MDC Partners Inc. and its subsidiaries have entered into an increase and amendment of its revolving credit facility. Among other benefits, the amendment: (i) expands the commitments under the facility by $100 million, from $225 million to $325... Read Story
October 24, 2014, 07:43 AM


Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an... Read Story
October 20, 2014, 07:26 AM


Berkshire Hills Bancorp plans to expand its commercial banking business in eastern Massachusetts and has recruited an experienced commercial banking team to service middle-market commercial and industrial businesses. The team will be based at... Read Story
February 08, 2013, 07:52 AM