Citizens Leads $750 Million Credit Facility for Hexcel Corporation

PROVIDENCE, R.I. - Citizens is leading a $750 million senior credit facility for Stamford, CT-based Hexcel Corporation.

Founded in 1948, Hexcel is a leading advanced composites company specializing in the development, manufacturing, and marketing of lightweight, high-performance materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives, and composite structures for use in commercial aerospace, space and defense, and industrial applications.

Hexcel’s products are used in a wide variety of applications such as the manufacturing of commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive structures and a wide variety of other industrial applications.

Citizens was Lead Left Arranger, Lead Bookrunner and Administrative Agent in the nine-bank group.

“We greatly appreciate the strong support provided by the Citizens team, who have been our banking partners since 2010, to successfully arrange our senior credit facility during this challenging period for the banking industry,” said Patrick Winterlich, CFO of Hexcel.

“We have a great relationship with the Hexcel team and we were happy to draw on our Aerospace and Defense sector expertise and capital markets capabilities to help them achieve their strategic and financial goals,” said Jerry Sargent, Northeast Regional Executive for Citizens. “When a client chooses Citizens, they are selecting a partner committed to helping them achieve their goals. Our bankers work together to deliver smart advice, creative ideas, and innovative solutions to help our clients navigate and grow in changing circumstances.”

Citizens is a trusted strategic and financial adviser, 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 visit the Citizens website.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.3 billion in assets as of March 31, 2023. 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 full-service customer contact center and the convenience of approximately 3,400 ATMs and more than 1,100 branches in 14 states and the District of Columbia. 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.