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.
This financing includes a $15 million term loan, a $12 million asset-based revolver and treasury management. Steel City Capital Funding, a division of PNC, provided a portion of the financing.
PNC lending and treasury management products and services are provided by PNC Bank, N.A., a member of The PNC Financial Services Group, Inc.