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Citizens Bank Leads $55MM Credit Facility for Godshall’s Quality Meats

April 05, 2017, 07:07 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 will serve as Lead Left Arranger and Administrative Agent for the facilities.

“We appreciate the expertise of the team at Citizens,” said Mark Godshall, president of Godshall’s Quality Meats. “They brought thoughtful ideas for us to consider and were very creative in structuring the credit facilities to meet our needs.  We are excited about the future of our company and our employees, and Citizens is the perfect financial partner to help us continue to achieve our goals.”

“Godshall’s is a great new client for Citizens. Our team was able to work closely with management to structure the right financing solution to meet their needs,” said Daniel K. Fitzpatrick, president, Citizens Bank, Pennsylvania, New Jersey and Delaware. “Supporting ESOP conversions to support succession planning for family-owned businesses is a perfect example of how Citizens can deliver value for clients at every stage of their business life cycle.”

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