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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Agents United Refining’s New $475MM Credit Facility
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Lenders/Participants
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PNC Bank [Administrative Agent, Lead Arranger]
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Structure
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$225MM Revolver; $250MM Term Loan
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Amount
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$475.000
Million
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Borrower(s)
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United Refining Company
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Description
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A new five-year credit facility of $475 million, consisting of a term loan of $250 million and a revolving credit facility of $225 million, pursuant to the terms of an Amended, Restated and Consolidated Revolving Credit, Term Loan and Security Agreement. The Term Loan and Revolving Credit Facility are secured primarily by certain cash account, accounts receivable, inventory, the refinery located in Warren, Pennsylvania, the Cobham Park tank farm and the capital stock of Kiantone Pipeline Corporation. PNC Bank is acting as administrative agent & lead arranger for the new facility.The proceeds from the revolving credit facility will be used for working capital needs and general corporate purposes.
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Industry
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Energy
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| Related Tags |
PNC Bank
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ABL Advisor
Deal Tables
2025
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