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PNC Bank Provides $26.5MM to MAYCO Industries

January 06, 2015, 07:19 AM
Filed Under: Manufacturing

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $26.5 million financing facility for MAYCO Industries, Inc. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and treasury management services. Based in Birmingham, Alabama, the company is using the funds for acquisition, growth and working capital needs.

MAYCO is a manufacturer of non-battery lead products for industries, such as plumbing, pharmaceutical, electronics and chemical.  

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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