People's United Bank Provides $89.6 Million in Credit Facilities to CCO, LLC

BRIDGEPORT, Conn., Feb. 14, 2022 /PRNewswire/ -- People's United Bank, N.A. (NASDAQ: PBCT), announced that it served as Lead Arranger, Book Runner and Administrative Agent for several credit facilities totaling $89.6 Million to Rocky Hill, CT-based CCO, LLC, and its associated entities.   The senior revolving and term loan facilities will be used to refinance existing debt, acquire twelve sites in CT, support future site acquisitions and provide working capital.  CCO and its subsidiaries acquire, supply and operate gas stations and convenience stores under the trade names Sam's Food Stores, DB Mart, Ravi Petro in Connecticut, Massachusetts, Rhode Island, New York and New Hampshire.  The companies also distribute motor fuels to a network of third-party gasoline stations throughout the Northeast.

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