Daily News: November 20, 2013

PNC Bank Provides $50MM ABL to Bunkers International

PNC Bank announced the closing of a $50 million asset-based revolver for Bunkers International. The company is using the funds to refinance existing debt and support its growth initiatives.

Lake Mary, FL-based 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.