Daily News: March 28, 2013

PNC Provides $30MM Financing for Heniff Transportation Systems


PNC announced it provided $30 million in senior secured revolving credit for Heniff Transportation Systems. Oak Brook, IL-based Heniff delivers liquid bulk chemicals throughout the continental U.S. and Canada.

The company has terminal locations in Illinois, Pennsylvania, Tennessee, Louisiana and Texas and provides bulk transportation services to 70 percent of the top 50 U.S. chemical producers.

The facility was sought to finance future growth and refinance all existing debt. The transaction also includes treasury management products and services, including a lockbox and depository account.
PNC loans and treasury management products and services are provided by PNC Bank.

The PNC Financial Services Group provides retail and business banking, residential mortgage banking and specialized services.