Citizens Commercial Banking led a $450 million asset-based revolving credit facility for YRC Worldwide, a transportation provider offering less-than-truckload (LTL) freight services.
Citizens Bank is joint lead arranger, joint bookrunner and administrative agent in the 12-bank group. Bank of America and PNC Capital acted as co-syndication agents and joint lead arrangers and joint bookrunners. ING and CIT acted as co-documentation agents.
