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Citizens Commercial Banking Provides $290MM Revolving Line of Credit for International Materials

October 30, 2019, 08:55 AM
Filed Under: Commodities Trading

Citizens announced that it has provided a $290 million revolving line of credit to Boca Raton, Fla.-based International Materials, Inc.

Founded in 1987, International Materials, Inc. (IMI) operates as a global broker/trader of bulk commodity materials, most notably cement/clinker, gypsum, bauxite, iron fines and coal/pet coke and will use the $290 million RLOC for working capital.

In addition to providing the RLOC, Citizens provides the company’s capital markets and foreign exchange services.

“We are a longtime Citizens Commercial Banking client and always appreciate the team’s support of our business as our strategic and financial partner,” said International Materials Inc. Chief Financial Officer Dan O’Bryon. “Citizens bankers are trusted advisors and have a solutions mindset that allows them to execute deals that provide us with efficient capital and the operational flexibility that allows us to achieve our financial goals.”

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