Citizens Restaurant Finance provided $210 million in financing to Denver-based Palo Alto, one of the largest franchisees in the U.S. for Taco Bell, KFC and Pizza Hut.

Citizens was the left lead arranger of a five-bank group.

“We greatly value our partnership with Citizens Bank and appreciate the Citizens Restaurant Finance team’s excellent ideas and seamless deal execution,” said Rob Alvarado, chief executive officer of Palo Alto. “We have been Citizens clients since 2012, and we look forward to continuing to work with the team in the future.”

“Acquisition and growth financing are just some of the ways that the Citizens Restaurant Finance team is helping clients such as Palo Alto, Inc.,” said Armando Pedroza, head of Restaurant Finance for Citizens Bank. “This relationship highlights Citizens’ strength as a restaurant finance partner and our strong commitment to helping clients reach their potential.”

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.