01/10/2018
Citizens Bank leads $400 million in credit facilities for VSE Corp.
WASHINGTON, D.C. – Citizens Bank announced today 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 1995, VSE Corp. will use the new credit facilities to refinance existing debt and for general corporate purposes.
“Citizens bankers have been our trusted strategic and financial advisers for years and, with these new credit facilities, they have helped us strengthen our capital structure and improve our liquidity,” said Maurice “Mo” Gauthier, VSE CEO. “They always bring great ideas to the table and execute our transactions quickly and seamlessly.”
“At Citizens, we think about the needs of our clients from their point of view and offer holistic solutions that deliver the combined strength of the entire bank. In this case, Dan Darnell and his team showed their dedicated focus and expertise in the Government Contracting sector,” said Daniel K. Fitzpatrick, head of MidCorporate and Industry Verticals at Citizens Bank. “Providing credit facilities is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle.”
Citizens is a trusted strategic and financial adviser, consistently delivering clear and objective advice. The Citizens Commercial Banking approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.
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 $151.4 billion in assets as of September 30, 2017. 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. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. 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 rate products and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
