Neighbor News
Citizens Bank provides $12.5 million revolving credit to Winncom Technologies
Winncom Technologies is based in Solon, Ohio
CLEVELAND, OH – Citizens Bank announced today that Citizens Commercial Banking is providing a $12.5 million revolving credit facility to Solon, Ohio-based Winncom Technologies Corporation. Citizens is the sole lender.
A new client for Citizens, Winncom offers a full range of broadband wireless networking products, network infrastructure and access products by the leading industry manufacturers sold throughout the world. Winncom will use the funds for working capital.
“Thank you, Citizens team, for your dedicated work and professional efforts that led this important transaction to successful completion,” said Vladimir Fedoroff, Chief Financial Officer of Winncom Technologies Corp. “We look forward to our mutually advantageous cooperation with Citizens Bank.”
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“Winncom Technologies is a great new client for Citizens and we’re very happy to help them achieve their strategic and financial goals,” said Joseph DiRocco, Ohio President of Citizens Bank. “Citizens works hard to be your lead bank by providing great products and services that deliver value for clients at every stage of their business life cycle.”
For more information about Citizens, visit the Citizens Commercial Banking website.