Citizens Bank Leads $73 Million Credit Facility for Unique Fabricating Inc.
PROVIDENCE, RI — Citizens Commercial Banking is leading a $73 million credit facility for Auburn Hills, MI-based Unique Fabricating Inc., a supplier of components to customers in the HVAC, 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 multi-material foam, rubber and plastic components used 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.”
For more information, visit uniquefab.com.