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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC, Marathon Asset Management Provide $183MM Two-Part Refinancing for NN
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Lenders/Participants
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PNC Bank [Lender]
Marathon Asset Management [Lender]
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Structure
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$65MM Asset-Backed Loan; $118MM Term Loan Refinance
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Amount
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$183.000
Million
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Borrower(s)
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NN
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Description
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PNC provided a $65 million Asset Backed Loan with a 5 year maturity to 2023, Improved collateral and borrowing amounts, $15MM CAPEX line at ABL Rates and Slightly lower rates than previous ABL. Marathon Asset Management provides a $118MM Term Loan refinancing with a 5 year maturity to 20230, Improved leverage and liquidity covenants, $10MM add-on feature for certain borrowing and slightly higher rates than previous term loan.
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Industry
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Specialty Industries
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Location
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NC
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| Related Tags |
Marathon Asset Management, NN, PNC Bank
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ABL Advisor
Deal Tables
2025
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