FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

PNC Provides $40 Million to Xerium Technologies

Date: Jul 08, 2013 @ 07:51 AM
Filed Under: Manufacturing

PNC announced it provided a $40 million senior secured revolving line of credit for Raleigh, N.C., based Xerium Technologies, Inc. In addition to an asset-based revolver that provides for both Canadian and U.S. Dollar advances, PNC will also provide treasury management and foreign exchange services.

Xerium is a leading global manufacturer and supplier of industrial consumables for machines used primarily in the production of paper and paperboard, as well as other specific industrial applications. The company has operations in North America, Europe, South America and the Asia Pacific.

PNC lending and treasury management products and services are provided by PNC Bank, N.A., a member of The PNC Financial Services Group, Inc.  

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.