PNC Business Credit Expands Senior Secured Finance Team

PNC Business Credit added Alex McCombs and Todd Austhof to its Senior Secured Finance Team, expanding the Western and Southeast regions.

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 Provides Revolvers to Aero Opco, Charming Charlie

PNC Business Credit closed two senior secured revolving credit facilities: one for $175 million for Aero Opco and one for $35 million for Charming Charlie.

Hilco Advises Go! Retail on $40MM Debt Facility

Hilco Corporate Finance, a mid-market investment bank and affiliate of Hilco Global, acted as exclusive financial advisor to Go! Retail Group on the latter’s $40 million working capital debt facility.

PNC Appoints Three to Senior Secured Financing Team

PNC Business Credit appointed Luke Tripodi and Brian Caldwell to senior vice president and business development officer in Chicago, and Jenna Shah to vice president and business development officer in Seattle.

PNC Business Credit Appoints Two VP/BDOs to Secured Financing Team

PNC Business Credit appointed Patrick Mercieca and Felicia Leksono to its senior secured financing teams in Toronto and Pittsburgh, respectively.

Former Salus/Monroe Exec Price to Lead New PNC Retail Unit

Marc S. Price, a former executive at Monroe Capital and Salus Capital Partners, joined PNC Business Credit as senior vice president, to head a newly established retail finance unit.

Former Chase Commercial Exec Joins PNC Business Credit as SVP

PNC Business Credit appointed Karl Brier as senior vice president and business development officer to its senior secured financing team in the western region. Brier was previously with Chase Commercial where he served as market executive.

A Peek Behind the Curtain: ABL Underwriters — Evaluating Risk to Seal the Deal

Since the days when tall ships carried cargo across dangerous seas, underwriters have assessed the risks involved before signing off on financial transactions. While the nature of the risks may have changed, underwriters still conduct thorough due diligence to evaluate a company’s stability and the state of the collateral before deals are closed.
ABF Journal contributor Lisa Miller speaks with three underwriters to learn exactly how
they make those evaluations and which signs point to a successful outcome.

Trajkovic Joins Provident Bank as VP/ABL Group

Ivan Trajkovic joined Provident Bank as vice president, relationship manager in the Asset-Based Lending group. Trajkovic was formerly with PNC Business Credit.