PNC Provides Appleton Coated Revolver
PNC Bank, a member of The PNC Financial Services Group, announced the closing of $25 million in senior secured revolving credit for paper manufacture Appleton Coated. Based in Combined Locks, Wisconsin, the funds will be used as ongoing working capital. Additionally, PNC Bank is providing treasury management.
Appleton produces and distributes coated, uncoated, specialty and technical papers for commercial printing, textbook publishing and other custom applications.