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.

PNC Bank to Acquire Fortis Advisors

PNC Bank agreed to acquire Fortis Advisors, a provider of private merger and acquisition post-closing shareholder representative services.

PNC Bank Provides $75MM New Jersey Resources Revolver

New Jersey Resources Corporation entered into a four-month $75 million revolving line of credit facility with PNC Bank.

PNC Provides $24MM Credit Facility to CTI Industries

CTI Industries entered into a credit agreement with PNC Bank for a credit facility in the amount of $24 million.

PNC Provides $26MM Credit Facility to Aegis

PNC Bank closed a $26 million senior secured credit facility for Houston-based Aegis Chemical Solutions, a portfolio company of Intervale Capital. PNC served as administrative agent and sole lender.

PNC Bank to Acquire the Trout Group

PNC Bank will acquire the Trout Group, an investor relations and strategic advisory firm servicing the healthcare industry, with more than 80 clients in the life sciences, biotechnology, pharmaceutical and medical device sectors.

PNC, BofA Amend Universal Stainless Credit Agreement

Universal Stainless & Alloy Products, obtained a favorable amendment to its current credit agreement which immediately lowers the company’s interest rates on its senior bank borrowing by 75 basis points.

PNC Agents $150MM ABL to Support Hudson Technologies Acquisition

Hudson Technologies paid $209.3 million to complete the acquisition of Airgas-Refrigerants. PNC Bank served as administrative agent on a $150 million asset-based lending facility to support the acquisition.