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e‑Treasury Business Banking

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e‑Treasury

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Business Online Banking

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

November 3, 2021

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.

Crane Services Company

Revolving Line of Credit
$40,000,000

Provided by:

Sterling National Bank

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

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