TRC gets expanded $75 million five-year revolver with RBS Citizens

By Susanna Moon

Chicago, April 22 - TRC Cos. Inc. obtained a $75 million five-year revolving credit facility with RBS Citizens, as lead bank, and JPMorgan Chase.

Proceeds will be used to support general working capital needs as well as growth initiatives.

The facility replaces the company's $65 million revolver, which was set to expire in July 2014.

"This new banking relationship provides TRC with increased borrowing capacity and significant financial flexibility to support our long term growth strategy," the company's chairman and chief executive officer Chris Vincze said in a press release.

TRC is a Lowell, Mass.-based engineering, consulting and construction management firm.

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