PNC Provides $150MM Revolver to Carter-Jones Lumber
PNC provided $150 million in senior secured revolving credit for Carter-Jones Lumber Company, a division of The Carter Lumber Company, a building materials retailer. The transaction also includes a $50 million interest rate swap and treasury management products and services. Carter-Jones sought the facility to refinance existing debt and to provide ongoing working capital.
Headquartered in Kent, OH, Carter-Jones has served contractors and professional builders for more than 80 years. Carter-Jones features custom mill facilities, wall panel and truss plants, large inventory of products and installation services.