PNC Closes $120MM ABL with Universal Stainless

Universal Stainless & Alloy Products completed a five-year $120 million asset-based lending credit agreement with PNC Bank.

BofA Agents New $300MM Revolver for TrueBlue

TrueBlue completed a new $300 million revolving credit facility with Bank of America as administrative agent.

PNC Provides $575MM Facility to United Refining

PNC Bank acted as administrative agent, lead arranger and bookrunner on a $575 million credit facility for United Refining.

PNC Agents $315MM Facility for The Finish Line

PNC Bank served as administrative agent for a $315 million senior secured credit facility to support JD Sports Fashion’s acquisition of The Finish Line.

PNC Leads $230MM Facility for Motorcar Parts of America

PNC Bank led a new five-year $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan.

PNC Upsizes A. M. Castle Facility

A. M. Castle expanded its existing credit facility to increase its borrowing capacity by $25 million. PNC is the company’s first lien lender.

PNC Downsizes Cloud Peak Energy’s Credit Facility

Cloud Peak Energy amended its credit agreement with a bank group led by PNC as administrative agent, reducing the capacity of the facility to $150 million from $400 million.

PNC Agents New $267MM Facility for Hallador Energy

Hallador Energy entered into a new $267 million credit agreement with PNC Bank as administrative agent.

BofA, Others Support Albertsons/Rite Aid Merger

A group of lenders led by Bank of America and Merrill Lynch have committed to providing Albertsons with a $4.667 billion facility to support the company’s merger with Rite Aid.

TPG Leads New $575MM Facility for Ferrellgas

Ferrellgas Partners signed an agreement for a new facility with a group led by TPG Specialty Lending. The facility includes a $300 million cash flow revolver and a $275 term loan supported by commitments from TPG and PNC Bank.