PNC Bank, N.A., announced that it has closed a $150 million revolving line of credit for CDI Corp., a portfolio company of AE Industrial Partners, LLC. PNC Bank, N.A., served as administrative agent.

CDI Corp. will use the funds, in part, to repay existing debt, partially finance the acquisition by AE Industrial Partners, LLC, and provide for ongoing working capital needs. Products associated with the transaction include treasury management services.

Based in Philadelphia, CDI Corp. is a global staffing business that delivers solutions based on highly skilled technical and professional talent. Founded in 1950, the company delivers expertise in engineering and information technology solutions encompassing managed, project and talent services across five key industries: government, aerospace, industrial, technology and energy/chemical. CDI Corp. operates in over 35 countries with more than 30 locations across North America, including hubs in Atlanta, Dallas, and Phoenix.