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Citizens Provides $20M Credit Facility To Uno

May 13, 2015 | Reprints | Unlock Link | Print

Citizens Bank recently provided $20 million in new financing for Uno Restaurant Holdings Corp. for new unit development and general corporate purposes.

“Uno has built an excellent brand over its 70-plus year history, and we could feel the passion for the brand in our interaction with the entire Uno team from the CEO to the colleagues in the restaurants,” David Farwell, executive vice president and head of franchise finance for Citizens Commercial Banking, said in a statement. “We look forward to partnering with Uno as they strive to achieve their goals.”

Citizens is the sole bank for the transaction and also reached a corporate purchasing card agreement with Uno.

Banking & Lending