PNC Agents $200MM Credit Facility for GP Strategies

PNC Bank acted as administrative on a new five-year $200 million credit facility for performance improvement solutions provider GP Strategies.

PNC Provides $200MM Facility to Armada Partners

PNC Bank closed a $200 million senior secured credit facility for Armada Partners. PNC served as administrative agent and PNC Capital Markets served as joint lead arranger and bookrunner on the facility.

BofAML Arranges $600MM Revolvers for BGC Partners, Newmark

Bank of America Merrill Lynch acted as the active lead arranger on two separate credit facilities for BGC Partners and Newmark Group, respectively. Together, the credit agreements total $600 million.

Regions Agents $100MM Expansion of Ebix Credit Facility

Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.

PNC Provides $109MM in Facilities to Innovex, FHE USA

PNC Bank closed $109 million in facilities for two oilfield services providers: Innovex Downhole Solutions and FHE USA.

PNC Launches Suite of Commercial Credit Cards for Canadian Clients

PNC Bank Canada Branch recently launched commercial card products designed specifically to support Canada-based companies and U.S. companies doing business in Canada.

Regions Agents $60MM Revolver for PFSweb

PFSweb entered into a new five-year, $60 million revolving credit facility with a syndicate of lenders led by Regions Bank. PNC Bank and Bank of America participated in the facility.

PNC, GIACT Launch New Identity Verification/Authentication Offering

PNC Bank entered into a strategic alliance with GIACT Systems, a leader in helping companies positively identify and authenticate customers.

BofA, Wells Fargo, Others Arrange AMETEK Revolver Upsize to $1.5B

AMETEK amended and restated its revolving credit facility, increasing the size from $850 million to $1.5 billion and extending the maturity date from March 2021 to October 2023.

PNC, OnDeck Partner to Launch Digital Business Lending Platform

PNC Bank plans to begin offering fully digital business lines of credit, up to $100,000, in 2019 in an expansion of its online lending to customers and prospects in the U.S. PNC is partnering with fintech lender OnDeck to develop the new platform.