PNC Provides Keywell Metals $25MM in Acquisition Financing
PNC Bank announced the closing of $25 million in senior secured financing for Keywell Metals. The transaction includes a $20 million asset-based revolver, a $5 million term loan and treasury management services.
The funds assisted in the acquisition of the assets of SGK Ventures (formerly Keywell) by Prophet Equity, and will provide for ongoing working capital financing.
Keywell Metals is a supplier of recycled titanium, high-temperature alloys and stainless steel in North America.