12/19/2016
Citizens Bank leads $50 million credit facility for Revere Plastics Systems
CLYDE, OH – Citizens Bank announced today that Citizens Commercial Banking is leading a $50 million credit facility for Clyde, Ohio-based Revere Plastics Systems. Citizens is the Lead Left arranger.
Revere Plastics Systems, a plastic injection and molding company that employs more than 750 people, will use the funds to refinance debt. Citizens will also provide cash management and commercial card services for the company.
“Citizens Bank treated us as a true partner during the refinancing process,” Archie Meyers, vice president of finance at Revere Plastics Systems. “We look forward to working with them as a strategic partner going forward as our business continues to grow.”
“Revere Plastics is a great client for Citizens and we’re very happy to help them achieve their strategic and financial goals,” said Joseph DiRocco, President of Citizens Bank, Ohio. “Helping clients refinance debt and providing cash management and commercial card services are just some of the ways that Citizens delivers value for clients at every stage of their business life cycle.”
Citizens is positioned as a strategic and financial partner, offering deep expertise, great ideas and seamless deal execution. The Citizens Commercial Banking approach puts clients first, and offers solutions that help clients make the best decisions throughout the life cycle of their business.
For more information about Citizens, visit the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $147 billion in assets as of September 30, 2016. 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 wealth management, 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 as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
