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PNC Bank Provides $13.5MM ABL to Legacy Cabinets

February 05, 2014, 07:19 AM
Filed Under: Manufacturing

PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $13.5 million asset-based loan for Legacy Cabinets. Based in Eastaboga, AL, the company is using the funds to refinance existing debt and provide ongoing working capital. The agreement includes a $10 million asset-based revolver and a $3.5 million term loan.

Legacy Cabinets specializes in home cabinetry with authorized dealers in 40 states.  

The PNC Financial Services Group, Inc. is one of the United States’ 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.

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