Daily News: July 16, 2013

PNC Provides $27MM in Financing to Blue Wolf Capital

PNC announced $27 million in senior secured financing for Blue Wolf Capital Partners, a private equity firm, headquartered in New York, NY.

Blue Wolf Capital used the funds in its acquisition of Suwannee Lumber Company based in Cross City, FL.

This financing includes a $15 million term loan, a $12 million asset-based revolver and treasury management. Steel City Capital Funding, a division of PNC, provided a portion of the financing.