Citizens Financial : Bank leads new financing for Apogee Telecom

08/14/2017

AUSTIN, TX - Citizens Bank announced today that Citizens Commercial Banking led a new credit facility for Apogee Telecom, a leading provider of data and video services to on-campus student housing communities serving over 430 colleges and universities located in 46 states. Citizens served as Sole Lead Arranger and Administrative Agent.

'Colleges and universities recognize the growing importance of managed network services as a foundational component to help make higher education more affordable, accessible and personalized,' said Charles Brady, CEO of Apogee. 'Through our acquisitions of Campus Televideo and OrcaTV, we continue to foster technology's importance in the overall campus experience. This credit facility will enable Apogee to increase our investment in our client's technology infrastructure and help colleges and universities finance innovation that will drive student recruitment and retention. By partnering with Citizens, we are positioned well to continue our growth strategy and enhance our service offerings to better meet the needs of the higher education community.'

'Providing flexible growth capital solutions for clients such as Apogee isjust one of the many ways that Citizens delivers value for clients at every stage of their business life cycle,' said Battle Moore, Head of Citizens' Communications Services banking team. 'We work hard to identify innovative industry leaders and, with this recent injection of capital, Apogee can expand its position as a higher education technology leader.'

Citizens is a trusted strategic and financial advisor, consistently delivering clear and objective advice. 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 about Citizens, visit theCitizens Commercial Bankingwebsite.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $151.4 billion in assets as of June 30, 2017. 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 3,200 ATMs and approximately 1,200 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 atwww.citizensbank.comor visit us onTwitter,LinkedInorFacebook.