PNC Agents $600MM Revolver for CNX

CNX Midstream Partners closed a new senior secured revolving credit facility, expanding their borrowing capacity to $600 million. PNC Bank served as both administrative and collateral agent on the transaction.

BofA Refinances $1.88B Sabre Term Loan

Sabre refinanced its term loan B credit facility, with Bank of America acting as administrative agent for the transaction.

BofA Agents Cleveland-Cliffs ABL Facility Downsize

Cleveland-Cliffs amended its senior secured asset-based lending credit facility, extending the maturity date and reducing the oversize from $550 million to $450 million. Bank of America was administrative agent and lead arranger for the transaction.

Regions Upsizes Ebix Facility to $650MM

Ebix expanded its existing credit facility from $450 million to $650 million to assist in funding its growth. Regions Bank served as administrative agent for the transaction.

BofA Agents Commercial Metals $200MM Facility

Commercial Metals Company amended its credit agreement to include a $200 million delayed draw term loan. Bank of America was administrative agent, swing line lender and l/c issuer.

JPMorgan, PNC Agent Amendments to Cooper Tire Facilities

Cooper Tire & Rubber amended its revolving credit facility with JPMorgan as administrative agent and its A&R receivables agreement with PNC as agent.

PNC Provides $6MM Facility for CCA Industries

CCA Industries entered into a new credit facility with PNC Bank to pay off the company’s existing debt in addition to general working capital purposes.

PNC Appoints Medler, Pfinsgraff as Directors

PNC Financial Services and PNC Bank appointed Linda R. Medler and Martin Pfinsgraff to both respective boards of directors, effective immediately.

PNC Agents $50MM Facility for ASV

ASV Holdings replaced its credit agreement with a new $50 million, five-year credit facility with PNC Bank as the lead lender and administrative agent.

JPMorgan Chase Agents $700MM Revolver for Churchill Downs

Churchill Downs closed a $700 million senior secured revolving credit facility and a $400 million senior secured term loan B. JPMorgan Chase served as the revolver’s administrative agent.