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PNC Provides $150MM in Senior Secured Financing to Carter-Jones Lumber

June 19, 2013, 07:43 AM
Filed Under: Manufacturing
Related: PNC Bank

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 million interest rate swap and treasury management products and services. Carter-Jones sought the facility to refinance existing debt and to provide ongoing working capital.

Headquartered in Kent, Ohio, Carter-Jones has served contractors and professional builders for more than 80 years. Carter-Jones features custom mill facilities, wall panel and truss plants, large inventory of products and installation services.

PNC loans and treasury management products and services are provided by PNC Bank, N.A., a member of The PNC Financial Services Group. 

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