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News Stories (5 Results) - Asset Based Loan

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of $84.5 million in asset-based loans for three companies in the Southeast: Interra International, KPAQ Industries and Kingsdown, Inc. PNC provided a $40 million... Read Story
July 28, 2014, 08:04 AM

PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $64 million asset-based loan for Fiberon. The transaction consisted of a $50 million asset-based revolver and a $14 million term loan. Based in New London, North... Read Story
July 01, 2014, 07:23 AM

YRC Worldwide Inc. announced that it has closed on the financing of a new $700 million term loan and a $450 million Asset-Based Loan ("ABL") facility. The new ABL facility is $50 million larger than the company's current ABL facility and will support... Read Story
February 14, 2014, 07:43 AM

Bank of America Business Capital announced it has provided a new $30 million credit facility to Transportation Solutions Enterprises. Proceeds will be used to refinance existing indebtedness and for future working capital needsTransportation... Read Story
October 29, 2013, 07:49 AM

Chiquita Brands International announced that it proposes to offer $425 million aggregate principal amount of senior secured notes due 2021 in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933... Read Story
January 28, 2013, 07:17 AM