Cliffwater Enhanced Lending Fund (CELFX), an interval fund providing access to alternative private credit strategies, has announced the closing of a senior secured syndicated revolving credit facility. The Facility is led by PNC Bank as...
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August 02, 2024, 07:00 AM
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PNC Bank promoted Zachary Bullock to Senior Vice President and Market Leader for Commercial Banking in Central Pennsylvania. Based in PNC’s Lancaster office, Bullock will oversee PNC’s Commercial Banking team in the market, which serves businesses...
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August 18, 2023, 07:00 AM
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PNC Bank appointed Steven González Regional President for Austin. González will have direct oversight of business development, building and maintaining client relationships and leading philanthropic initiatives in support of the Austin community....
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July 19, 2023, 07:31 AM
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First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank...
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July 07, 2023, 07:53 AM
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VerifyMe entered into a new debt facility with PNC Bank and repaid all outstanding principal and interest on the promissory note issued in connection with the PeriShip acquisition.The new debt facility includes a $1 million revolving line of credit...
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September 28, 2022, 07:39 AM
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JCPenney paid off its $506 million take-back term loan on December 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.The take-back term loan was held by...
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December 17, 2021, 07:52 AM
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PNC Bank announced the appointment of two new regional presidents in California, further expanding its local leadership and decision-making model in the state. Jarrod Ingle joins PNC as the regional president and head of Corporate Banking for the...
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October 27, 2021, 07:57 AM
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The PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.The simultaneous conversion of BBVA USA customers and employees to PNC's network...
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October 13, 2021, 07:16 AM
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The PNC Financial Services Group, Inc. announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary BBVA USA. Through this transaction, PNC is now the fifth-largest U.S. commercial banking...
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June 02, 2021, 06:00 AM
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Evoqua Water Technologies announced the refinancing of the company’s credit facilities on April 1, 2021. JPMorgan Chase Bank served as the administrative agent and collateral agent under the credit agreement. PNC Bank served as the administrative...
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April 08, 2021, 07:50 AM
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Williams Industrial Services Group Inc., a construction and maintenance services company, today announced that it has entered into new credit agreements, including a $50.0 million term loan facility with Energy Impact Credit Fund, an affiliate of...
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December 28, 2020, 09:20 AM
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PNC Bank announced that long-time Regional President, Linda Bowden, plans to retire in mid-2021. Succeeding Bowden effective Jan. 4, 2021 will be Enrico Della Corna, who currently serves as regional executive for Commercial Banking in the Northeast...
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September 18, 2020, 08:55 AM
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OakNorth, the next-generation credit and monitoring platform provider has announced its signing of a commercial agreement with PNC Bank, an American bank holding company and financial services corporation.Businesses need liquidity to overcome the...
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June 05, 2020, 09:10 AM
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TopBuild Corp. (BLD) the leading installer and distributor of insulation and building material products in the United States, has entered into a new term loan and revolving credit facility, replacing its previous senior secured facilities. Total...
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March 24, 2020, 09:02 AM
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Covia, a leading provider of mineral-based material solutions for the Industrial and Energy markets, announced a series of actions that are expected to improve its financial flexibility:
$85 Million Committed Standby Credit Facility - The Company...
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December 31, 2019, 08:45 AM
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Cross Country Healthcare, Inc. announced the Company entered into a new $120 million senior secured asset-based credit facility (ABL) replacing its prior credit facility. The initial amounts drawn on the new ABL included funds to repay its...
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October 29, 2019, 08:58 AM
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PNC Bank, National Association, announced the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.Established in 1941, Corso is a fourth...
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August 22, 2019, 08:45 AM
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PNC Bank, National Association, announced the closing of a $235 million senior secured credit facility to support New York-based KPS Capital Partners’ (KPS) acquisition of Life Fitness.Life Fitness is the global leader in commercial fitness equipment...
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August 08, 2019, 08:55 AM
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PNC Bank, National Association, announced the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).SIGMA Corporation (SIGMA), a PNC client of more than 15 years, sought financing to...
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July 30, 2019, 08:55 AM
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Meridian Bioscience has entered into a $125 million revolving credit facility credit agreement, it said in a regulatory filing.The credit agreement, which took effect on May 24, replaces the Cincinnati-based company's loan and security agreement...
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June 03, 2019, 08:47 AM
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PNC Bank has closed a $90 million senior secured credit facility for Iconex, a portfolio company of Greenwich, CT-based Atlas Holdings.PNC’s facility was provided in conjunction with a $67.5 million term loan and a $30 million delayed draw term loan...
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May 30, 2019, 09:15 AM
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AutoWeb, Inc., a robust digital marketing platform providing digital advertising solutions for automotive dealers and OEMs, has entered into a new three-year, $25 million secured revolving credit facility with PNC Bank."This new credit facility...
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May 02, 2019, 09:05 AM
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AVENUE Stores, LLC, an omni-channel retailer of the AVENUE® brand of women’s plus-size fashion apparel, footwear and accessories, announced the successful refinancing of its outstanding capital structure.A new revolving credit facility was provided...
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April 18, 2019, 09:05 AM
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PNC Bank, N.A., announced the appointment of J.P. Seminario as national originations manager for PNC Business Credit’s (PNCBC) Technology Finance group.Based in Los Angeles, Seminario, a five-year PNC veteran, previously served as managing director...
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April 03, 2019, 09:00 AM
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PNC Bank announced the closing of a $28.89 million senior secured credit facility for KOST USA, Inc (KOST). PNC Bank served as administrative agent.
Established in 1985 and based in Cincinnati, Ohio, KOST is the largest family-owned manufacturer...
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February 07, 2019, 07:19 AM
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PNC Bank, National Association, announced the closing of a $50 million senior secured credit facility for C.A. Advanced, Inc (C.A. Advanced).
Headquartered in Wakarusa, IN, C.A. Advanced – along with its wholly owned subsidiary ARC American, Inc. –...
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January 31, 2019, 08:08 AM
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PNC Bank, National Association, announced a strategic appointment to its senior secured lending team in the Upper Midwest region.
Eamonn Brady has been appointed senior vice president and business development officer for PNC Business Credit.
Based...
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December 12, 2018, 07:32 AM
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Crocs and its subsidiaries, Crocs Retail, LLC and Jibbitz, LLC, as borrowers, and Western Brands Holding Company, LLC, as guarantor, entered into the Seventeenth Amendment to the Amended and Restated Credit Agreement with the lenders party thereto...
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December 05, 2018, 07:04 AM
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PNC Bank, National Association, announced the closing of a $200 million senior secured credit facility for Armada Partners, LP (Armada). PNC served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and...
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December 04, 2018, 07:07 AM
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PNC Bank announced the closing of an $84 million senior secured facility for Innovex Downhole Solutions, Inc. (Innovex), where it also served as administrative agent.
Headquartered in Houston, Texas, Innovex is a leading provider of innovative...
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November 16, 2018, 07:26 AM
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PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.
PNC's new digital...
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October 23, 2018, 07:09 AM
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PNC Bank announced the closing of an $80 million senior secured credit facility for Nova Wildcat Shur-Line LLC (Shur-Line), a portfolio company of Nova Capital Management (Nova). The financing will support Nova’s acquisition of World and Main, LLC...
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October 05, 2018, 07:32 AM
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PNC Bank, National Association, announced the closing of a $106.5 million senior secured facility for R.G. Barry Corporation. A fund managed by GSO Capital Partners LP participated as an anchor investor for a portion of the unitranche facility. PNC...
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September 18, 2018, 07:15 AM
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Universal Stainless & Alloy Products, Inc. announced that it has entered into an amended and restated five-year $120 million asset-based lending (ABL) credit agreement with PNC Bank, National Association. The new agreement increases the maximum line...
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August 07, 2018, 07:12 AM
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PNC Bank, National Association, announced the closing of a $575 million credit facility for Warren, PA-based United Refining Company (United). Founded in 1902, United is an independent refiner and marketer of petroleum products, beneficially owned by...
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July 25, 2018, 07:12 AM
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Motorcar Parts of America, Inc. announced it has entered into a new five-year $230 million credit facility led by PNC Bank, National Association consisting of a $200 million revolver and $30 million term loan, replacing a previous credit facility...
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June 08, 2018, 07:06 AM
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A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has closed an expansion of its existing credit facility to increase its borrowing capacity by $25 million.Specifically, Castle reached an...
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June 04, 2018, 07:11 AM
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Hallador Energy Company entered into a new $267 million credit agreement with PNC Bank as the administrative agent, extending the term of the agreement through May 2022.The $267 million facility is comprised of a $147 million term loan and a $120...
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May 22, 2018, 07:08 AM
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Virco Mfg. Corporation and Virco Inc., a wholly owned subsidiary, entered into a seventeenth amendment to the Revolving Credit and Security Agreement, dated as of December 22, 2011, between the Borrowers and PNC Bank, National Association, as lender...
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March 23, 2018, 07:00 AM
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CNX Midstream Partners announced that it has entered into a new senior secured revolving credit facility, which replaces the Company's prior facility. The Credit Facility expands CNX Midstream's borrowing capacity by $350 million to $600 million...
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March 12, 2018, 07:44 AM
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PNC Bank, N.A, announced the appointment of Matthew Steenson to lead PNC’s Business Banking team. Based in Pittsburgh, Steenson is responsible for leading one of the largest domestic business banks.Steenson brings more than 20 years of experience in...
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February 23, 2018, 08:00 AM
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Emerge Energy Services LP announced that it has entered into a $75 million Second Amended and Restated Revolving Credit and Security Agreement among the Partnership, the subsidiary borrowers, and PNC Bank, National Association, as administrative...
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January 08, 2018, 07:27 AM
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PNC Bank announced that it has closed a $225 million senior secured asset-based revolving credit facility for TaylorMade Golf Company, Inc., a portfolio company of New York-based KPS Capital Partners....
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January 05, 2018, 07:14 AM
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PNC Bank, N.A., announced the appointment of Marc S. Price, senior vice president, to head a newly established retail finance unit for PNC Business Credit. With more than 20 years of commercial finance leadership experience, Price will oversee PNC’s...
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November 01, 2017, 08:00 AM
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PNC Bank, N. A. has appointed Brian Bucher regional president of a newly created Port Cities region, encompassing Jacksonville, Charleston, South Carolina and Savannah, Georgia, effective Jan. 1, 2018. The introduction of the company's regional...
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October 20, 2017, 08:01 AM
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Teleflex Incorporated and NeoTract, Inc. announced that the companies have entered into a definitive agreement under which Teleflex will acquire NeoTract in a transaction valued up to $1.1 billion. Under the terms of the agreement, Teleflex will...
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September 05, 2017, 08:03 AM
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PNC Bank has formalized plans to expand its middle market business into the Denver, Houston and Nashville markets in 2018, following expansion to Dallas, Kansas City and Minneapolis in 2017.
The bank announced the news in a release of its second...
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July 14, 2017, 08:00 AM
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PNC Bank, N.A. announced that James Paterson has joined its senior secured financing team as senior vice president and business development officer. He is responsible for business development with private equity firms and middle-market companies...
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July 10, 2017, 07:11 AM
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The Singing Machine Company, Inc., a provider of consumer karaoke products, announced it has renewed its agreement for senior security financing with PNC Bank. Under the renewal to its credit agreement, PNC will provide the Company with up to $15...
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June 23, 2017, 07:46 AM
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Engs Commercial Finance Co. announced that it has added PNC Bank and its $75 million commitment to its $455 million ABL credit facility.
PNC will assume the roles of Syndication Agent and Joint Lead Arranger on the transaction. The ABL facility is...
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April 18, 2017, 07:04 AM
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The PNC Financial Services Group, Inc. announced a definitive agreement to acquire the U.S.-based commercial and vendor finance business of ECN Capital Corp., one of the leading non-bank vendor finance businesses in the United States. PNC will...
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February 21, 2017, 08:19 AM
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PNC Bank, N.A, announced the appointment of Jennifer LaClair to lead PNC’s Business Banking team.Based in Pittsburgh, LaClair is responsible for leading one of the largest domestic business banks. She was most recently chief financial officer of...
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January 24, 2017, 07:15 AM
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PNC Bank, N.A., announced the appointment of William Brown, senior vice president, with the senior secured lending team in the Mid-Atlantic region. Based in Baltimore, Brown will be responsible for business development with private equity firms and...
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August 10, 2016, 07:49 AM
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Vertical Communications announced it has closed a $21.5 million financing package comprised of an asset-based facility and senior term facility provided by PNC Bank and Trinity Capital. Vertical will use the proceeds to strengthen its balance sheet...
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July 15, 2016, 07:56 AM
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Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced the expansion of its existing credit facility from $240 million to $400 million, to fund its...
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June 20, 2016, 07:36 AM
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TimkenSteel, a leader in customized alloy steel products and services, announced that it has completed an amendment and restatement of its revolving credit facility.Administrative Agent JPMorgan Chase Bank, Syndication Agent PNC Bank and several...
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December 22, 2015, 08:04 AM
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