Citizens Leads $105 Million Financing for Style Crest Enterprises

 – Citizens today announced that it led a $105 million credit facility, which included a $75 million term loan and a $30 million revolving line of credit, for Style Crest Enterprises to help the company refinance existing debt and fund acquisitions. Citizens was Lead Left bookrunner and administrative agent.

Founded in 1970, Ohio-based Style Crest is a family-owned and -operated wholesale distributor and installer of building products, including heating, ventilation and air conditioning (HVAC), doors, windows, accessories, foundation coverings and entrance systems, for the manufactured housing industry. They also manufacture and distribute vinyl siding and related products for the residential housing industry.

“We greatly appreciate the partnership with Citizens,” said Style Crest Enterprises Owner and CEO Bryan Kern. “Citizens is a trusted advisor who worked closely with our team to understand our needs and accelerate our growth by offering personalized advice and innovative products and solutions.”

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 $220.4 billion in assets as of March 31, 2024. 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 3,300 ATMs and approximately 1,000 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.