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PNC Business Credit, a division of PNC Bank, National Association, announced the closing of a $175 million senior secured revolving credit facility for Aero Opco LLC, the operating company of Aeropostale, a specialty retailer of casual apparel and accessories for young men and women. PNC Business Credit also closed a $35 million senior secured revolving credit facility for Charming Charlie Holdings, Inc., a retailer of women’s fashion accessories sold through retail stores and on the company’s Read Story

Filed Under: Retail
June 01, 2018 @ 07:11 AM

Iron Mountain Incorporated, the storage and information management services company, announced that it has closed on the amendment and refinancing of its existing senior secured $1,750 million revolving credit and $250 million term loan A facilities under its credit agreement with certain lenders, JPMorgan Chase Bank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian administrative agent.The refinancing extends the maturity date for the revolving credit Read Story

Filed Under: Specialty Industries
June 05, 2018 @ 07:05 AM

CMS Energy and its primary subsidiary, Consumers Energy, announced they have entered the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower.The aggregate $1.4 billion of new credit facilities allow CMS to reduce its interest rate by meeting targets related to environmental sustainability, specifically renewable energy generation.“We believe a company can serve more than the bottom line. We are committed to a triple bottom line that’s measured by our actions to Read Story

Filed Under: Energy Services
June 08, 2018 @ 07:05 AM

Dan Terpsma, Director of Commercial and Regional Banking at Chemical Bank, announced the hiring of Ray Temple, Director of Asset Based Lending, Senior Vice President. “I am very excited to bring Ray Temple on as the newest member of the Chemical Bank lending team,” stated Terpsma. “His extensive experience in commercial finance and underwriting will prove to be an invaluable asset to the organization as he continues to grow our expanding Asset Based Lending team. Ray will be instrumental in the Read Story

June 01, 2018 @ 07:13 AM

Wells Fargo Middle Market Banking announced that it has promoted Abigail (Abby) Matia to lead its commercial lending operations for the Mid-Atlantic Region, including Virginia, Maryland, West Virginia, and the District of Columbia. Taking the reins of a growing Wells Fargo middle market region, Matia now leads seven seasoned banking teams in Baltimore; Bethesda, Maryland; Richmond, Roanoke, Norfolk, and McLean, Virginia; and the District of Columbia. Her 99 team members provide credit, treasury Read Story

June 05, 2018 @ 07:30 AM

2018-06-19 02:57