11/10/2021
Citizens Leads $75 Million Credit Facilities to Support Macquarie Capital’s Investment in Procentrix, Inc.
PROVIDENCE, R.I. – Citizens announced today that it has led $75 million in new credit facilities for Procentrix, a professional and technology services company serving U.S. federal government customers in civilian, homeland security and defense sectors. Citizens is the Left Lead Arranger and Administrative Agent.
The new credit facilities supported an investment in Procentrix by Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group. This investment will be used to bring more capacity and service offerings to address additional customer requests and to diversify Procentrix’s customer base.
Procentrix provides solutions that help its clients improve and automate mission-critical enterprise-scale information technology workloads. Its purpose-built solutions and proprietary frameworks help facilitate the integration of cloud services and enable rapid automation of enterprise-level and cross-agency workflows as well as incorporation of Microsoft solutions, all critical components of agencies’ approach to modernization away from legacy systems.
“Our team was able to support the Macquarie Capital team’s investment and we look forward to working with them to meet their future strategic objectives,” said Dillon Bowles, managing director and head of aerospace, defense and government services, Citizens. “Providing investment capital is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”
Citizens is a trusted strategic and financial partner, consistently delivering clear and objective advice. The Citizens 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 website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. 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 3,000 ATMs and approximately 1,000 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 a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.