11/19/2018

Citizens Bank leads $73 million credit facility for Unique Fabricating, Inc.

PROVIDENCE, RI – Citizens Bank (NYSE: CFG) announced today that Citizens Commercial Banking is leading a $73 million credit facility for Auburn Hills, MI-based Unique Fabricating, Inc. (NYSE: UFAB), a leading supplier of components to customers in the automotive and various industrial markets. Citizens is the sole lead arranger, bookrunner and administrative agent. 

A Citizens client since 2013, Unique Fabricating engineers and manufactures innovative solutions composed of multi-material foam, rubber and plastic components that are utilized in noise, vibration and harshness (NVH) management, acoustical management, water and air sealing, decorative and other functional applications. 

The new credit facility will be used to refinance existing debt and provide additional capital to fund projected growth. It was structured to be flexible to accommodate Unique Fabricating’s recent expansion of its North American operations.  

“Citizens bankers are trusted strategic and financial advisors who deliver valuable, clear and objective advice,” said John Weinhardt, President and CEO of Unique Fabricating, Inc. “The industry expertise and close attention to detail that the Citizens team brought to our transaction made for a seamless and timely execution.” 

“At Citizens, we try to think about the needs of our clients from their point of view and offer holistic solutions,” said Rick Hampson, President of Citizens Bank, Michigan. “Leading flexible credit facilities so our clients can grow is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle.” 

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, please go to 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 $158.6 billion in assets as of September 30, 2018. 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 2,900 ATMs and approximately 1,150 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.