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


PNC Provides $50 Million ABL to Bunkers International

November 19, 2013, 08:02 AM
Filed Under: Marine
Related: Asset Based, PNC Bank

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 and support its growth initiatives.

Bunkers International is part of the marine fuel industry, providing trading, physical supply and brokering services for marine fuels to ship operators around the globe.  

The PNC Financial Services Group, Inc. is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.