05/11/2015
Citizens Bank Provides $20 Million Credit Facility for Uno Restaurant Holdings Corp.
Citizens Restaurant Finance team partners with iconic Chicago-style pizzeria chain
BOSTON – Citizens Bank announced today that it is providing $20 million in new financing for Uno Restaurant Holdings Corporation for new unit development and general corporate purposes.
“Citizens Restaurant Finance was able to structure a financing that will help Uno Restaurants meet its strategic and financial goals,” said Louie Psallidas, CEO of Uno. “Their deep knowledge of the restaurant industry, and their local presence make them excellent financial partners. In addition, Citizens brings innovative ideas to the table and excels at transaction execution.”
“Uno is an excellent client with a very solid business operation,” said David Farwell, Executive Vice President and Head of Franchise Finance for Citizens Commercial Banking. “We value all of our clients and the Citizens team is happy to help Uno management achieve their goals.”
Citizens is the sole bank for this transaction and has also reached a corporate purchasing card agreement with Uno.
Citizens Restaurant Finance is a top national restaurant lender focused on meeting the capital needs of multi-unit restaurant owners nationwide including franchisees, franchisors and sponsor-owned restaurant operating companies. For more information, visit the Citizens Restaurant Finance website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $136.5 billion in assets as of March 31, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
