Citizens announced today that it is leading a new $65 million credit facility for Holliston, Mass.-based Harvard Bioscience, Inc. (Nasdaq: HBIO), a leading developer, manufacturer and seller of technologies, products and services that enable fundamental research, discovery and pre-clinical testing for drug development. Citizens is the administrative agent and lead left arranger.
Harvard Bioscience will use the new credit facility to retire existing debt and pay related fees and expenses. The refinancing will significantly reduce borrowing costs while increasing operating flexibility.
“We are a new Citizens client, but have come to truly value the team’s perspective and advice,” said Michael Rossi, Chief Financial Officer of Harvard Bioscience. “We look forward to continuing to work with our Citizens bankers and appreciate their hard work and dedication to our success.”
“We worked closely with the Harvard Bioscience team and were able to provide a new credit facility that will offer the company more flexibility,” said Jerry Sargent, President of Citizens, Massachusetts. “Leading new credit facilities 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 $179.2 billion in assets as of September 30, 2020. 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 2,700 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.
