Sterling National Bank* Provides $40,000,000 Secured Revolving Line of Credit

Sterling National Bank’s Asset Based Lending Group provided a secured Revolving Line of Credit totaling $40,000,000 to a Crane Services company.

The credit facilities will provide refinancing of existing debt and support the company’s anticipated acquisition.

This transaction was originated by Terry O’Grady, a Managing Director located in Chicago.

*now known as Webster Bank as successor by merger.