PNC announced it provided $30 million in a senior secured revolving credit facility for Heniff Transportation Systems. Headquartered in Oak Brook, IL, Heniff Transportation delivers liquid bulk chemicals throughout the continental United States and Canada.
The company has terminal locations in Illinois, Pennsylvania, Tennessee, Louisiana and Texas and provides bulk transportation services to 70 percent of the top 50 U.S. chemical producers. The facility was sought to finance future growth and refinance all existing debt.