Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Citizens Financial Group, Inc.    CFG

CITIZENS FINANCIAL GROUP, INC.

(CFG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Citizens Financial : Commercial Banking Leads New Financing for Bromford Industries

share with twitter share with LinkedIn share with facebook
share via e-mail
01/07/2020 | 10:18am EST

01/07/2020

Citizens Commercial Banking Leads New Financing for Bromford Industries

Funds used in part for acquisition of Numet Machining Techniques, Inc.

PROVIDENCE, RI - Citizens Commercial Banking led a new credit facility for Liberty Hall Capital Partners portfolio company Birmingham, England-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries. Bromford is using the funds to refinance existing debt and to acquire Numet Machining Techniques, Inc., an Orange, Connecticut-based provider of aerospace engine machined components requiring complex geometries and exotic alloys. Citizens is Left Lead Arranger, Joint Bookrunner and Administrative Agent.

'Citizens Commercial Banking is a trusted strategic and financial partner,' said Jack Nadal, Partner of Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. 'They bring transformative ideas to the table and execute our transactions seamlessly.'

Numet is Bromford's third deal in two years following the strategic acquisitions of AeroCision LLC in March 2018 and Accrofab Limited in June 2019.

'Providing acquisition capital and strategic advice are some of the ways that Citizens delivers substantial value for our clients,' said Daniel K. Fitzpatrick, President of Citizens Bank, Mid-Atlantic Region, and Head of National Industry Verticals. 'In this case, the Aerospace, Defense and Government Services corporate banking team led by Dan Darnell and our Aerospace and Defense Corporate Finance team led by Jeff Harrick once again demonstrated their expertise by assisting Bromford Industries.'

The Citizens Commercial Banking 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 Commercial Banking website.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $164.4 billion in assets as of September 30, 2019. 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 2,900 ATMs and approximately 1,100 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 corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.

Disclaimer

Citizens Financial Group Inc. published this content on 07 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2020 15:17:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CITIZENS FINANCIAL GROUP,
02/21You're Not Just Binge Watching Netflix. You're Having an 'Experience.' -- Upd..
DJ
02/21You're Not Just Binge Watching Netflix. You're Having an 'Experience.'
DJ
02/21You're Not Just Binge Watching Netflix. You're Having an 'Experience.'
DJ
02/19CITIZENS FINANCIAL : M&A Advisory serves as exclusive financial advisor to Impac..
PU
02/18CITIZENS FINANCIAL : Bank provides $20.8 million in construction financing for h..
PU
02/18CITIZENS FINANCIAL : Bank provides $46.5 million in construction financing for N..
PU
02/18CITIZENS FINANCIAL : Bank provides $24.2 million in construction loans for Massa..
PU
02/18CITIZENS FINANCIAL : Bank provides $12.8 million construction loan for affordabl..
PU
02/13CITIZENS FINANCIAL : to Participate at the Credit Suisse 21st Annual Financial S..
BU
02/13CITIZENS FINANCIAL : Presentation
PU
More news
Financials (USD)
Sales 2020 6 635 M
EBIT 2020 2 762 M
Net income 2020 1 637 M
Debt 2020 -
Yield 2020 4,12%
P/E ratio 2020 9,75x
P/E ratio 2021 9,07x
Capi. / Sales2020 2,45x
Capi. / Sales2021 2,38x
Capitalization 16 290 M
Chart CITIZENS FINANCIAL GROUP, INC.
Duration : Period :
Citizens Financial Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CITIZENS FINANCIAL GROUP,
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 44,45  $
Last Close Price 37,61  $
Spread / Highest target 30,3%
Spread / Average Target 18,2%
Spread / Lowest Target 9,01%
EPS Revisions
Managers
NameTitle
Bruce Winfield van Saun Chairman & Chief Executive Officer
John F. Woods Vice Chairman & Chief Financial Officer
Michael Ruttledge Chief Information Officer
Charles John Koch Independent Director
Shivan S. Subramaniam Independent Director
Sector and Competitors