FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (147 Results) - PNC Bank

AccessOne, a leading provider of patient financing solutions designed to help consumers manage their healthcare costs, today announced it has recently closed a $225 million financing with PNC Bank, a leading financial institution with deep ties to... Read Story
November 20, 2019, 08:55 AM


Ferroglobe PLC announced the closing of a new, five-year $100 million North American asset-based revolving credit facility, between Globe Specialty Metals, Inc. (“Globe”) and QSIP Canada ULC, each a subsidiary of the Company, as borrowers and PNC... Read Story
October 14, 2019, 08:00 AM


MidCap Financial announced it has closed the acquisition of substantially all of PNC Bank's Franchise Finance loan portfolio. In conjunction with the acquisition, six members of the Franchise Finance business have joined MidCap Financial, including... Read Story
October 02, 2019, 09:00 AM


PNC Bank, National Association, announced the closing of a $42.38 million senior secured credit facility for Madison-Kipp Corporation (MKC), a portfolio company of Dallas, TX-based Trive Capital. PNC Bank, N.A., served as administrative agent.The... Read Story
September 17, 2019, 08:55 AM


PNC Bank, National Association, has closed a $140 million senior secured credit facility to support Maryland-based Ames Watson’s acquisition of Lids Sports Group (LSG). PNC Bank served as administrative agent.Founded in 1992, Indianapolis-based LSG... Read Story
February 22, 2019, 08:00 AM


PNC Bank, National Association, announced the closing of a $400 million senior secured credit facility for American Eagle Outfitters, Inc.. PNC Bank, N.A. served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and... Read Story
February 20, 2019, 09:05 AM


B. Riley FBR, Inc., a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced it served as the exclusive financial advisor and debt placement agent in support of SMTC Corporation’s announced acquisition... Read Story
November 15, 2018, 07:30 AM


PNC Bank, N.A. announced appointments for the local leadership team in its new Houston region, led by Julie Young Sudduth, who will serve as the regional president, effective July 17. Joining Sudduth are Christian Brown, head of Corporate Banking for... Read Story
July 19, 2018, 07:06 AM


PNC Bank, National Association, announced the closing of a $315 million senior secured credit facility for JD Sports Fashion Plc’s (JD Sports) acquisition of The Finish Line, Inc. (Finish Line). JD Sports is based in Manchester, England, and is a... Read Story
June 19, 2018, 07:18 AM


Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. announced an agreement with a lending group led by TPG Specialty Lending, Inc., the middle-market lending business of TPG Sixth Street Partners (TSSP), to provide Ferrellgas... Read Story
May 08, 2018, 07:11 AM


PNC Bank, N.A., announced the closing of $33 million of senior secured credit facilities for Motley Services, LLC (Motley), a portfolio company of Irving, Texas-based District 5 Investments, L.P. Headquartered in Odessa, TX, Motley will use the funds... Read Story
April 24, 2018, 07:26 AM


Sun Hydraulics entered into a First Amendment, Consent and Joinder to Credit Agreement  with PNC Bank, National Association, as administrative agent, and the lenders party thereto.The First Amendment and the Amended Credit Agreement attached thereto... Read Story
April 06, 2018, 07:11 AM


CCA Industries, Inc announced that it entered into a new credit facility with PNC Bank  to pay off the Company's existing debt with CNH Finance Fund I, L.P., formerly known as SCM Specialty Finance Opportunities Fund, L.P.,  and for general working... Read Story
February 12, 2018, 07:15 AM


Universal Logistics Holdings, Inc., an asset-light provider of customized transportation and logistics solutions, announced its acquisition of Fore Transportation, Inc. Based in the Chicagoland suburb of Harvey, Illinois, Fore Transportation offers a... Read Story
February 07, 2018, 07:18 AM


ASV Holdings, Inc., a provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, announced that on December 27, 2017, it replaced its former credit agreement with a new $50 million... Read Story
January 03, 2018, 07:00 AM


PNC Bank announced the entry into a definitive agreement to acquire Fortis Advisors, a provider of private merger and acquisition post-closing shareholder representative services, having engaged in over 750 M&A transactions since 2011. Upon the... Read Story
December 21, 2017, 07:36 AM


New Jersey Resources Corporation (NJR), a regfional provider of retail and wholesale energy services, has entered into a 4-Month $75 million Revolving Line of Credit Facility with PNC Bank. The Revolver is scheduled to terminate on April 14, 2018.... Read Story
December 20, 2017, 07:20 AM


PNC Bank, N.A., announced that it has closed a $26 million senior secured credit facility for Aegis Chemical Solutions, LLC (Aegis), a portfolio company of Houston–based Intervale Capital, LLC (Intervale). PNC Bank, N.A. (PNC), served as... Read Story
December 12, 2017, 07:16 AM


PNC Bank announced the entry into a definitive agreement to acquire The Trout Group, LLC, the premier investor relations and strategic advisory firm servicing the healthcare industry, with more than 80 clients in the life sciences, biotechnology... Read Story
November 28, 2017, 07:14 AM


A.M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has emerged from its voluntary chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware commenced on June 18... Read Story
September 01, 2017, 07:50 AM


PNC Bank announced that it closed a $26 million senior secured credit facility for Tennessee Valley Recycling (TVR), based in Decatur, Alabama. PNC Bank serves as administrative agent. TVR will use the funds to refinance existing senior bank debt... Read Story
July 26, 2017, 07:08 AM


M/I Homes, Inc. announced that it has amended its unsecured revolving credit facility to increase the borrowing availability from $400 million to $500 million and extend the maturity to July 2021. The credit facility was previously scheduled to... Read Story
July 21, 2017, 07:08 AM


A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has executed commitment letters with PNC Bank, National Association for (1) a $125 million senior-secured, revolving credit facility that will... Read Story
June 06, 2017, 07:18 AM


PNC Bank, N.A. announced that it has closed a $37 million senior secured credit facility for Derby Fabricating Solutions, a portfolio company of Prophet Equity Management, LLC. PNC Capital Markets LLC led the syndication as sole lead arranger, with... Read Story
May 25, 2017, 07:25 AM


PNC Bank, N.A. announced that it has closed a $100 million senior secured revolving credit for Apache Industrial Services, a portfolio company of Quantum Capital. PNC Capital Markets LLC led the syndication as sole lead arranger, and PNC Bank is... Read Story
April 11, 2017, 07:06 AM


Taubman Centers, Inc. announced the amendment and restatement of its primary revolving line of credit, which included a new, unsecured $300 million term loan and an extension of the $1.1 billion revolving credit facility. “This financing provides us... Read Story
February 08, 2017, 07:09 AM


Crestmark President and COO Mick Goik announced the promotion of Ray Morandell to executive vice president, national sales director. “Crestmark has marked its 20th year of helping small- and medium-sized businesses access the funding they need to... Read Story
December 15, 2016, 07:44 AM


Opus Bank announced Michael Trivich has joined Opus as Senior Vice President, Senior Credit Administrator – Commercial Banking, responsible for the structuring and decisioning of senior debt financing solutions provided to Opus’ Commercial and... Read Story
December 14, 2016, 07:21 AM


Valvoline Inc., a leading supplier of premium branded lubricants, announced that it closed a new U.S. accounts receivable facility on November 29th, 2016. An 8-K filing with the SEC notes, "On November 29, 2016, Valvoline LLC (“Subsidiary”), a wholly... Read Story
December 06, 2016, 07:07 AM


SMTC Corporation, a global electronics manufacturing services provider, announced an amendment to the revolving credit and security agreement with PNC Bank.The highlights of the current amendment include: Three year extension to January 2... Read Story
November 23, 2016, 07:23 AM


Crestmark, celebrating its 20th anniversary, welcomes John D. Gullman, regional first vice president, business development officer, to its East Division. Gullman will represent Crestmark in the Florida market, which he has covered for more than 30... Read Story
November 01, 2016, 07:21 AM


Quantum Corp. announced definitive agreements with PNC Bank and TCW Direct Lending on a $170 million financing package consisting of: An $80 million revolving credit facility and an additional $20 million credit line available under an accordion... Read Story
October 24, 2016, 07:39 AM


Owners of small and mid-sized businesses are upbeat about the U.S. economy amid steady expectations for their sales and hiring during the next six months, according to the latest PNC Economic Outlook Survey findings.The fall findings of PNC's... Read Story
October 11, 2016, 07:13 AM


PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs... Read Story
September 13, 2016, 07:30 AM


Zeta Interactive, the data-driven marketing technology pioneer whose SaaS-based marketing cloud helps brands acquire, retain and grow customer relationships, announced today that it has secured $45 million in new funding from business development... Read Story
September 02, 2016, 07:26 AM


PNC Bank, N.A. announced the closing of two credit packages totally $79.5 million for Rental Equipment Investment Company LLC (REIC), an equipment rental company based in Miami, Florida; and Total Plastics, Inc. (TPI), a leading distributor and... Read Story
August 24, 2016, 07:35 AM


PNC Bank, N.A. announced the closing of senior secured credit facilities totaling $48 million for two new clients:  Wellnext, a Florida-based family of brands that delivers research-backed nutritional supplements, and Elite One Source Nutrisciences... Read Story
August 04, 2016, 07:36 AM


PNC Bank, N.A., announced the addition of Daniel deBrauwere, senior vice president with the senior secured financing team in the Western region and market manager for Southern California. Based in Pasadena, CA, deBrauwere will lead the team... Read Story
July 12, 2016, 07:57 AM


New Enterprise Stone & Lime Co., Inc.  entered into a new $450 million secured term loan facility (“New Term Loan”) with a group of private lenders. The New Term Loan will be used to repay in full its existing 13% Secured Notes and $70 million term... Read Story
July 11, 2016, 08:08 AM


PNC Bank announced the appointment of Joseph G. Meterchick as the new regional president for Philadelphia, Delaware and Southern New Jersey, effective July 8. Meterchick assumes the role from Paula Fryland who is retiring from PNC after a nearly... Read Story
July 07, 2016, 07:47 AM


L.B. Foster Company has amended its revolving credit facility agreement maturing in March 2020 that decreases the size of the facility and increases the maximum leverage ratio until the first quarter of 2018 when it returns to its original terms and... Read Story
July 05, 2016, 07:45 AM


Wabtec Corporation has signed a new bank agreement that includes a $1.2 billion revolving credit facility and a $400 million term loan.  The revolving credit facility has a five-year term and replaces the company's previous revolver of $800 million... Read Story
June 24, 2016, 07:17 AM


PNC Bank announced the addition of Blake Kenny, senior vice president with the senior secured financing team in the Midwest. Based in Troy, MI, Kenny will be responsible for business development and loan origination sourced from middle-market... Read Story
May 25, 2016, 07:54 AM


Ampco-Pittsburgh Corporation announced the closing of a new five-year senior secured asset-based revolving credit facility of up to $100.0 million, with a $50.0 million accordion feature. For the credit facility, PNC Capital Markets LLC and F.N.B.... Read Story
May 24, 2016, 08:01 AM


PNC Bank, N.A., announced the closing of a $200 million asset-based revolving credit facility for Concordance Healthcare Solutions, a leading healthcare distributor based in Tiffin, OH. PNC Capital Markets LLC acted as joint lead arranger on the... Read Story
May 18, 2016, 07:55 AM


Kennametal Inc. announced the signing of a $600 million five-year credit agreement. This syndicated bank facility amends and restates Kennametal's prior loan agreement. It contains enhanced covenant adjustments relative to the company's amended 2010... Read Story
April 18, 2016, 07:51 AM


Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of Carol Apicella as Vice President, Business Development Officer. She will... Read Story
April 06, 2016, 08:02 AM


PNC Bank, N.A. announced the addition of three experienced bankers to the senior secured financing team: Eugene Leary, senior vice president; James Clifton, senior vice president; and Nathan Love, vice president. All will be responsible for business... Read Story
March 29, 2016, 07:54 AM


Kalibrate Technologies has secured a $5 million revolving credit facility. Kalibrate, which provides technology to the fuel services and convenience retail sectors, secured the loan with PNC Bank. The two-year deal carries an interest rate of 2.0%... Read Story
March 17, 2016, 07:45 AM


Tredegar Corporation announced that it has entered into a new $400 million five-year, secured revolving credit facility. The new facility includes a customary accordion feature allowing for additional borrowings of up to $50 million under certain... Read Story
March 04, 2016, 07:54 AM


PNC Bank, N.A., announced the following appointments to its senior secured lending teams in the Western and Midwest regions: Ankur Gupta in San Francisco and Michael Bishop in Grand Rapids, MI.Based in San Francisco, Ankur Gupta has been appointed... Read Story
February 02, 2016, 07:48 AM


Park Electrochemical has entered into a three-year revolving credit facility agreement with HSBC Bank USA, National Association.  This credit facility agreement provides for loans of up to $75 million to the Company and letters of credit up to $2... Read Story
January 20, 2016, 07:18 AM


Sterling National Bank announced that Vincent (Vince) Maine has joined the Bank as Senior Managing Director to lead its newly-established Community Development Banking team. The new team expands the Bank's Community Reinvestment Act (CRA) initiative... Read Story
December 23, 2015, 07:39 AM


Reflecting a steep decline in energy costs, lower inflation and slow-but-steady economic growth, the 2015 PNC Christmas Price Index (PNC CPI) experienced its lowest growth rate in six years at 0.6 percent in the whimsical economic analysis by PNC... Read Story
November 30, 2015, 07:18 AM


Tembec announced it has entered into a new asset-based secured revolving credit facility which consists of a $150 million revolving credit facility with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank... Read Story
November 19, 2015, 07:59 AM


Excelsior Capital Partners, a private investment firm, announced today that its portfolio company Artissimo Designs LLC (“Artissimo”), has closed on a $15 million revolving ABL credit facility with PNC Bank, N.A., a member of The PNC Financial... Read Story
November 19, 2015, 07:42 AM


PNC Bank, N.A. announced the addition of John Lundberg, senior vice president with the senior secured financing team in the Southwest Region.  Based in Denver, Colorado, Lundberg will be responsible for amplifying PNC relationships with private... Read Story
October 27, 2015, 08:04 AM


United Refining Company (URC), a leading regional refiner and marketer of petroleum products announces the completion of a new bank financing. On October 20, 2015, URC consummated a new five-year credit facility (the "New Facility") of $475 million... Read Story
October 26, 2015, 07:40 AM


As Gibraltar Business Capital extends its niche lending capabilities to meet greater demand for capital in the private equity group market, the firm welcomes two new members to its team: Alex Friedman and Dan McCallum. The addition to Gibraltar's... Read Story
October 05, 2015, 07:36 AM


PNC Bank, N.A. announced the addition of Michele Scafani, senior vice president and senior business development officer with the senior secured financing team in the Western Region.  Based in San Francisco, Scafani will be responsible for business... Read Story
August 25, 2015, 07:39 AM


The UK's IBEX Global Solutions PLC has increased and expanded its existing revolving credit finance facility with PNC Bank, National Association.IBEX, which provides contact center services and other business process outsourcing, said the amendment... Read Story
July 27, 2015, 07:38 AM


Physicians Realty Trust, a self-managed healthcare real estate company, has amended and upsized its unsecured revolving credit facility from $400 million to $750 million. The amended credit facility also provides an accordion feature allowing for an... Read Story
July 24, 2015, 07:09 AM


Square 1 Bank has strengthened its New England team with the addition of several key hires to support the commercial banking needs of entrepreneurs and investors in the region, including Julianne Tamasy as senior vice president and Jeff Griffor as... Read Story
July 10, 2015, 07:23 AM


To support its expanding asset-based lending capabilities, Bibby Financial Services Canada hires Adam Flomen as Vice President of Business Development, Asset-Based Lending.  Flomen joins an impressive team of professionals who provide working capital... Read Story
June 30, 2015, 07:43 AM


TAB Bank announced the addition of Rodney D. Chavez  to its business development team as vice president and business development officer.  Chavez will be responsible for sourcing new business opportunities by providing asset-based and factoring... Read Story
June 29, 2015, 07:53 AM


PNC Bank, N.A. announced the promotion of Robin L. Arriola to senior vice president and sales manager for asset-based lending in southern California and the Desert Southwest, and Terrence J. Mech to senior vice president and sales manager for... Read Story
June 09, 2015, 08:01 AM


Motorcar Parts of America has entered into a $125 million credit facility with PNC Bank National Association consisting of a $100 million revolver and $25 million term loan.Loans outstanding under the new credit facility bear interest, at the company... Read Story
June 05, 2015, 08:01 AM


Bob Evans Farms, Inc. announced it amended its existing $750 million credit facility. The amended terms of the credit facility allow, subject to stated requirements, the repurchase of up to $150 million of shares in fiscal year 2016, and increases... Read Story
May 18, 2015, 07:36 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of $25 million in senior secured revolving credit for paper manufacturer Appleton Coated, LLC. Based in Combined Locks, Wisconsin, the funds are being used as ongoing... Read Story
April 07, 2015, 07:45 AM


PNC Bank announced a syndication of $210 million in senior secured revolving credit for grocery retailer Haggen, Inc., a portfolio company of Comvest Partners. PNC Capital Markets LLC syndicated the transaction as sole lead arranger and bookrunner... Read Story
April 01, 2015, 07:51 AM


Chassix Holdings, Inc. announced that it reached agreement with 80% of its unsecured bondholders and 71.5% of its senior secured bondholders, its existing sponsor, and all of its largest customers regarding the terms of a comprehensive restructuring... Read Story
March 13, 2015, 07:55 AM


FrontRange and Lumension, leading providers of Hybrid Service Management and Unified Endpoint Management software solutions for organizations of all sizes, jointly announced that the companies will merge to create HEAT Software. Wells Fargo Capital... Read Story
February 12, 2015, 08:02 AM


USA Truck, Inc., a leading North American transportation and logistics provider, has completed a $170 million senior secured revolving credit facility with a group of banks and Bank of America Merrill Lynch as agent. The facility also includes an... Read Story
February 06, 2015, 07:44 AM


Invacare Corporation announced the completion of a new revolving credit and security agreement establishing a $100 million asset-based lending (ABL) senior secured credit facility maturing in January 2018. The new credit facility replaces the... Read Story
January 19, 2015, 08:03 AM


G.C. Andersen Partners, a New York-based investment bank, announced the closing of a $109.1 million financing for Acme Lift Co., the world's largest wholesale rental company. The financing was structured with an $85 million Senior Revolving Credit... Read Story
January 07, 2015, 07:55 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $26.5 million financing facility for MAYCO Industries, Inc. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and... Read Story
January 06, 2015, 07:19 AM


TravelCenters of America announced that it has amended its existing $200 million revolving credit facility. Prior to the amendment, TA’s credit facility had a maturity date of October 25, 2016 and interest paid on drawings was LIBOR plus 225 basis... Read Story
December 24, 2014, 07:22 AM


Healthcare Trust of America, Inc. announced it had closed a new $1.1 billion senior unsecured credit facility consisting of a $800 million, five-year revolving credit facility and a $300 million term loan. The credit facility refinances the existing... Read Story
November 21, 2014, 07:07 AM


Nebraska Book Company|Neebo Inc. announced it has closed on a $60 million five-year revolving credit facility with PNC Bank, N.A. As part of this new facility, the company’s existing asset-based loan lenders have also agreed to provide an additional... Read Story
November 17, 2014, 08:06 AM


Merkle, a leading technology-enabled, data-driven customer relationship marketing (CRM) firm and the nation’s largest privately held agency, announced that it has closed an amendment to provide capacity to upsize its credit facility to $325 million... Read Story
November 14, 2014, 07:24 AM


Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an... Read Story
October 20, 2014, 07:26 AM


ENGlobal, a leading provider of engineering and automation services, announced that it has closed on a new three-year secured revolving credit facility with Regions Bank. The Regions facility allows the company to borrow up to $10 million pursuant to... Read Story
September 17, 2014, 07:12 AM


Yashi, an innovative location-focused advertising company, announced it has received a $4 million committed line of credit from PNC Bank. The new credit line will support the company's rapid growth."We are proud to announce that we have successfully... Read Story
September 17, 2014, 07:10 AM


Healthcare Finance Group, LLC ("HFG") announced that Andy Phelps and Mark Farlin have joined the company as Senior Vice Presidents of Business Development. Their efforts are part of HFG's expanding sales and marketing initiatives as it grows to meet... Read Story
September 16, 2014, 07:19 AM


Stoneridge, Inc. entered into a new $300.0 million senior secured revolving credit facility that replaces the company's asset-based facility and will be used to redeem the remaining $157.5 million of its outstanding Senior Secured 9.5% Notes (the... Read Story
September 16, 2014, 07:13 AM


Cloud Peak Energy Inc. has amended its $500 million revolving credit facility to relax certain financial covenants, including the net secured debt leverage ratio and interest coverage ratio.Michael Barrett, Executive Vice President and Chief... Read Story
September 08, 2014, 07:11 AM


Hallador Energy Company announced its wholly owned subsidiary, Sunrise Coal LLC, closed the acquisition of Vectren Fuels.  As previously announced on July 1, 2014, an agreement was reached on the sale. A company press release notes the purchase price... Read Story
September 02, 2014, 07:28 AM


Atlas Pipeline Partners, L.P. announced the Partnership has successfully amended its revolving credit facility, significantly increasing the Partnership's borrowing capacity, extending the term of the facility, and lowering borrowing costs.  The new... Read Story
August 29, 2014, 07:28 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of $84.5 million in asset-based loans for three companies in the Southeast: Interra International, KPAQ Industries and Kingsdown, Inc. PNC provided a $40 million... Read Story
July 28, 2014, 08:04 AM


The Singing Machine Company has entered into an agreement for senior secured financing with PNC Bank, N.A.  Under the agreement, PNC will provide the Company with up to $15 million dollars in asset-based lending during the company's peak shipping... Read Story
July 17, 2014, 08:04 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $64 million asset-based loan for Fiberon. The transaction consisted of a $50 million asset-based revolver and a $14 million term loan. Based in New London, North... Read Story
July 01, 2014, 07:23 AM


Charles & Colvard, Ltd., the exclusive global supplier of moissanite and Forever Brilliant, The World’s Most Brilliant Gem, has closed a new three-year $10 million asset-backed credit facility with Wells Fargo Bank. The company’s previous credit... Read Story
June 30, 2014, 07:51 AM


Citizens Financial Group, Inc. announced that Richard C. Hampson has been appointed President of Charter One and RBS Citizens in Michigan, effective June 30. He is joining the company from PNC Bank, where he had responsibility for key corporate... Read Story
June 30, 2014, 07:47 AM


Brekford Corp., a leading public safety technology service provider of automated traffic safety enforcement solutions, parking enforcement solutions, and an end-to-end suite of technology equipment for public safety vehicle services, announced the... Read Story
May 29, 2014, 07:41 AM


Layne Christensen Company has signed a new five-year $135 million senior secured asset-backed revolving credit facility (the "ABL Facility") with PNC Bank National Association as Administrative Agent, Co-collateral Agent and Lender; Wells Fargo Bank... Read Story
April 16, 2014, 07:51 AM


SMTC Corporation, a global electronics manufacturing services provider, today announced the signing of the Sixth Amendment to its Revolving Credit and Security Agreement effective April 7, 2014.On April 7, 2014, SMTC Corporation and certain of its... Read Story
April 14, 2014, 07:17 AM


Polypore International, Inc., a global high technology filtration company specializing in microporous membranes, announced that it has entered into a new senior secured credit agreement led by Bank of America Merrill Lynch and Wells Fargo Securities... Read Story
April 09, 2014, 07:44 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of $25 million in senior secured financing for Keywell Metals LLC, based in Chicago, Ill. The transaction includes a $20 million asset-based revolver, a $5... Read Story
April 07, 2014, 08:07 AM


Cantel Medical has entered into an amended and restated credit facility which established new terms under its revolving credit facility with its existing bank group led by Bank of America, N.A., and including Wells Fargo Bank, N.A. and PNC Bank... Read Story
March 06, 2014, 07:22 AM


Essex Rental Corp. announced that it entered into an amendment to its Coast Crane credit agreement. The modification to the credit agreement provides Essex with greater flexibility to capitalize on opportunities to increase revenues associated with... Read Story
February 27, 2014, 07:13 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, received approval from Canada’s Office of the Superintendent of Financial Institutions (OSFI) for a license to expand commercial banking services across Canada.  Established as a Canadian... Read Story
February 19, 2014, 07:06 AM


New Enterprise Stone & Lime Co., Inc. announced that it has refinanced its credit facility with a new revolving credit facility and new term loans providing up to $175 million of available borrowing capacity. The new borrowings consist of a Revolving... Read Story
February 18, 2014, 07:42 AM


Park Electrochemical Corp. entered into a four-year revolving credit facility agreement with PNC Bank, National Association. This credit facility agreement provides for loans of up to $104 million to the Company and, subject to the terms and... Read Story
February 13, 2014, 07:26 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $13.5 million asset-based loan for Legacy Cabinets. Based in Eastaboga, AL, the company is using the funds to refinance existing debt and provide ongoing working... Read Story
February 05, 2014, 07:19 AM


Cloud Peak Energy Resources LLC. entered into a Commitment Letter, dated January 17, 2014 , with Morgan Stanley Senior Funding, Inc., PNC Bank, National Association, Wells Fargo Bank, N.A., JPMorgan Chase Bank, N.A., Credit Suisse AG, Cayman Islands... Read Story
January 20, 2014, 07:12 AM


Material Sciences Corporation (MSC) has entered into a definitive merger agreement with Zink Acquisition Holdings Inc. (“Parent”) and Zink Acquisition Merger Sub Inc. (“Merger Sub”), which are affiliates of New Star Metals Inc. and Insight Equity... Read Story
January 10, 2014, 07:14 AM


Lannett Company, Inc. has established a new, five-year $50 million revolving credit facility with a syndicate of two lenders, Citibank, N.A., as administrative agent, and PNC Bank, National Association. Lannett expects to use the credit facility for... Read Story
December 20, 2013, 07:13 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $115 million senior secured financing facility for Gatehouse Media, LLC. Based in Fairport, N.Y., the company will use the funds to restructure existing... Read Story
December 18, 2013, 08:06 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of an $89 million asset-based facility for Daseke, Inc. Based in Addison, TX, the company is using the funds to merge with Boyd Bros. Transportation, Inc. and Boyd... Read Story
December 04, 2013, 07:28 AM


Taiga Building Products has renewed its senior secured revolving credit facility (the "Facility") with a syndicate of lenders led by JPMorgan Chase Bank and including the Bank of Montreal, HSBC Bank, PNC Bank, Bank of Nova Scotia and TD Bank. The... Read Story
November 26, 2013, 11:28 AM


HEICO Corporation increased its $670 million revolving credit facility to an aggregate potential future capacity of $1 billion and that it also extended the facility by an additional year until December 2018.  Under the amendment, $800 million of the... Read Story
November 26, 2013, 11:10 AM


KPS Capital Partners announced the formation of a new company, Heritage Home Group, LLC, that has acquired substantially all of the assets of Furniture Brands International, Inc., a world leader in designing, manufacturing, sourcing and retailing... Read Story
November 26, 2013, 08:04 AM


Metalico, Inc. has closed a refinancing providing up to $125 million. Proceeds from the new facilities were used to pay amounts outstanding under the Company's prior credit agreement, repurchase $37 million of its Convertible Notes and pay related... Read Story
November 25, 2013, 07:50 AM


Triumph Group, Inc. announced that it has raised $375 million by entering into a bank term loan with a maturity date of May, 2019 with its bank lending group, led by PNC Bank. Concurrently, the company amended its existing $1.0 billion revolving... Read Story
November 20, 2013, 07:24 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $50 million asset-based revolver for Bunkers International Corporation. Based in Lake Mary, FL., the company is using the funds to refinance existing debt... Read Story
November 19, 2013, 08:02 AM


Motorcar Parts of America has entered into an amended and restated $125 million credit facility, comprised of a $95 million term loan and a $30 million revolving credit facility with Cerberus Business Finance LLC as collateral agent and PNC Bank as... Read Story
November 13, 2013, 06:08 AM


Calgon Carbon Corporation announced the closing of a new $300 million syndicated credit facility. The facility refinanced existing debt and provides an additional $175 million of borrowing capacity. The new credit facility will be available for... Read Story
November 08, 2013, 07:43 AM


PNC Bank, N.A., announced the closing of a $18 million asset based revolver for Horizon Mud Company. Based in Midland, Texas, the company is using the funds to refinance existing debt and provide ongoing working capital. Horizon Mud Company provides... Read Story
November 07, 2013, 07:56 AM


CNL Healthcare Properties has secured a corporate line of credit in the initial amount of $120 million. KeyBank N.A. is serving as the lead arranger and syndication agent with Bank of America, Fifth Third Bank, PNC Bank and Cadence Bank as... Read Story
October 22, 2013, 07:02 AM


Acxiom, an enterprise data, analytics and software-as-a-service (SaaS) company, announced a $600 million refinancing. The $600 million refinancing consists of a $300 million term loan and a $300 million undrawn revolving credit facility. In addition... Read Story
October 14, 2013, 07:21 AM


Deloitte Corporate Finance (DCF) announced its advisory role as the exclusive financial advisor to AirBorn, Inc. in the completion of the transaction.AirBorn engaged DCF to raise debt in order to provide a capital structure to support the company's... Read Story
September 26, 2013, 07:55 AM


Johnson Outdoors Inc. announced a new streamlined structure of the company's debt. The new loan agreement replaces the company's current revolving credit facility and is expected to reduce annual borrowing costs.  Key highlights of the new debt... Read Story
September 20, 2013, 07:55 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. today announced the closing of a $14 million asset based revolver for Gray Line of Tennessee. The company, which is based in Nashville, Tenn., is using the funds to refinance existing... Read Story
September 17, 2013, 07:40 AM


OM Group, Inc. has entered into a new five-year senior secured revolving credit facility, replacing its previous credit facility that was scheduled to expire in August 2016. The new facility provides for $350 million of revolving borrowing capacity... Read Story
September 09, 2013, 08:02 AM


Epiq Systems, Inc. announced that the company has closed a new $400 million senior secured credit facility. The facility includes a $100 million revolver due August 2018 and a $300 million term loan with a maturity of August 2020. The new facility... Read Story
August 28, 2013, 07:49 AM


Globe Specialty Metals has refinanced its existing credit facility with a syndicate of banks led by Providence based RBS Citizens, and co-led by PNC Bank, Wells Fargo Bank, as Joint Book Managers and Joint Lead Arrangers. Other banks in the syndicate... Read Story
August 21, 2013, 08:02 AM


PNC Bank announced the closing of $40 million in senior secured financing for Tranzonic, based in Cleveland, OH. The funds were used for the acquisition of Tranzonic by Silver Oak Services Partners, LLC, a private equity firm headquartered in... Read Story
August 15, 2013, 08:02 AM


PNC announced a $150 million syndication of a senior secured revolving credit for Emerge Energy Services LP (EMES).  In addition, PNC provided treasury management and institutional investment products. PNC Capital Markets LLC led the syndication of... Read Story
July 25, 2013, 07:59 AM


PNC announced a $27 million in senior secured financing for Blue Wolf Capital Partners LLC, a private equity firm, headquartered in New York, N.Y. Blue Wolf Capital used the funds in its acquisition of Suwannee Lumber Company based in Cross City, Fla... Read Story
July 16, 2013, 08:06 AM


Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million from $175 million to support the future growth of its business. Fifth Third Bank is the administrative agent, Bank of America, N.A. and... Read Story
July 11, 2013, 07:11 AM


PNC announced it provided a $40 million senior secured revolving line of credit for Raleigh, N.C., based Xerium Technologies, Inc. In addition to an asset-based revolver that provides for both Canadian and U.S. Dollar advances, PNC will also provide... Read Story
July 08, 2013, 07:51 AM


Unified Grocers, the largest wholesale grocery distributor in the western United States, has successfully completed a refinancing of its senior credit facilities. The refinancing included both the replacement of the existing revolving credit facility... Read Story
July 03, 2013, 07:57 AM


BlueLinx Holdings, a leading distributor of building products in North America, has entered into an amendment to its U.S. revolving credit agreement that increases the amount of its credit facility to $447.5 million from $422.5 million.Under terms of... Read Story
June 28, 2013, 08:06 AM


TeleCommunication Systems, together with several of its domestic subsidiaries (collectively, the Borrowers), have closed on a new credit agreement dated June 25, 2013. Silicon Valley Bank  is the administrative agent, co-lead arranger and joint... Read Story
June 27, 2013, 07:53 AM


PNC announced it provided $150 million in senior secured revolving credit for Carter-Jones Lumber Company, a division of The Carter Lumber Company, one of the nation’s top twenty building materials retailers. The transaction also includes a $50... Read Story
June 19, 2013, 07:43 AM


UniTek Global Services,  a provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, entered into amendments of its... Read Story
June 06, 2013, 07:46 AM


Ultralife Corporation closed on a four-year $20 million senior secured asset-based revolving credit facility with a $15 million accordion feature to expand the facility with PNC Bank. The company's previous revolving credit facility with RBS Business... Read Story
May 29, 2013, 08:04 AM


Flotek Industries, Inc. announced that, through a wholly-owned subsidiary, the company has signed a definitive agreement to immediately acquire all of the outstanding stock of Winter Haven, Florida-based Florida Chemical Company, the world's largest... Read Story
May 10, 2013, 07:52 AM


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... Read Story
March 28, 2013, 08:00 AM


Hudson Technologies has amended its secured revolving credit facility with PNC Bank, National Association to increase the maximum loan amount available under the facility to $40 million from $27 million. Kevin J. Zugibe, chairman and chief executive... Read Story
February 22, 2013, 07:32 AM


Measurement Specialties, a designer and manufacturer of sensors and sensor-based systems, entered into Amendment No. 4 to the credit agreement among the company, the financial institutions party thereto and JPMorgan Chase Bank, N.A., as... Read Story
February 04, 2013, 07:35 AM


The PNC Financial Services Group reported 2012 net income of $3.0 billion compared with 2011 net income of $3.1 billion. Fourth quarter 2012 net income was $719 million compared with $493 million for the fourth quarter of 2011, a 46% increase.... Read Story
January 18, 2013, 08:31 AM


DDR Corp. announced that it has closed the refinancing of its two senior unsecured revolving credit facilities scheduled to mature in February 2016 and its senior secured term loan scheduled to mature in September 2014. The new $750 million unsecured... Read Story
January 18, 2013, 08:30 AM


Flotek Industries entered into an amendment to its current credit facility with PNC Bank that, among other terms, expands the size and extends the term of the facility, providing capital to refinance its outstanding convertible notes and reduce the... Read Story
December 28, 2012, 08:04 AM


ENGlobal Corporation, a provider of energy-related engineering and automation solutions, announced it entered into a "Second Amendment to Revolving Credit and Security Agreement, Waiver and Forbearance Extension" with its lender. The extension will... Read Story
December 19, 2012, 07:08 AM


Flotek Industries has entered into an amendment to its current credit facility with PNC Bank that, among other terms, extends the maturity to January 31, 2013 and allows the company to repurchase up to $40 million of its outstanding convertible notes... Read Story
December 17, 2012, 07:27 AM


ZAGG Inc, a mobile device accessories company, entered into an $84 million credit facility with Wells Fargo Bank, consisting of a $24 million two-year term note and a $60 million revolving line of credit. With these new loans in place ZAGG has... Read Story
December 13, 2012, 07:18 AM