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PNC Agents $18.5MM Credit Facility for August Corso Sons

August 22, 2019, 08:45 AM
Filed Under: Industry News
Related: PNC Bank

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 generation family-owned and operated perennial grower, provider of landscaping services, and flower and gardening products retailer. Corso is ranked among the 55 largest greenhouses in the U.S., with over 30 acres of greenhouse space and 32 acres of outdoor production space. The company is a supplier to two top home improvement chains.

“PNC’s customized financing solution will enable Corso to focus its corporate strategy on long-term stability and profitability,” said Tim Swiss, senior vice president and business development officer, PNC Business Credit. “We are pleased to provide the company with a depth and breadth of products and services designed to support its strategic growth.”

Corso will use the funds to refinance existing debt.

“Corso is proud of our strong reputation, our commitment to innovation and our wide array of unique products,” said Chad Corso, president. “We look forward to maintaining these high standards while broadening our wholesale business and adding new customers.”

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