PNC Closes $26.5MM Facility for MAYCO Industries
PNC Bank closed a $26.5 million financing facility for MAYCO Industries. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and treasury management services.
The company is using the funds for acquisition, growth and working capital needs.
Birmingham, AL-based MAYCO is a manufacturer of non-battery lead products for industries, such as plumbing, pharmaceutical, electronics and chemical.