XS Financial Closes Upsized $100 Million Needham Bank-Led Credit Facility with Participation from First Citizens Bank
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XS Financial has increased its credit facility from $70 million to $100 million, led by Needham Bank with participation from First Citizens Bank. The funds will be used for CAPEX and equipment leases.
February 03, 2025 | 1:45 pm
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First Citizens Bank is participating in XS Financial's upsized $100 million credit facility, contributing $20 million.
First Citizens Bank's participation in the credit facility indicates a strategic move to support XS Financial's growth, potentially enhancing its financial standing and market perception.
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IMPORTANCE 60
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