Daily News: April 21, 2015

PNC Bank Canada Closes ABL with Hart Foreign Exchange Services

PNC Bank Canada Branch, the Canadian branch of PNC Bank, today announced the closing of a $20 million asset-based loan with foreign exchange services for Hart Stores.

Hart Stores operates 61 department stores throughout Eastern Canada. Their stores offer a selection of national and exclusive fashion apparel brands, as well as footwear, home furnishings, electronics, appliances, giftware, toys and seasonal goods.

Based in Laval, Quebec, the company will use the funds for working capital.