PNC Bank to Acquire Ambassador Financial Group

PNC Bank signed a definitive agreement to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to various financial institutions.

BofA Agents $3.15B Facilities for Drugstore Giant Rite Aid

Rite Aid entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility. Bank of America served as both administrative and collateral agent on the facilities.

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, ING, MUFG Arrange $1B Triton Term Loan

Triton Container International entered into a $1 billion term loan facility led by PNC Capital Markets, ING Belgium and MUFG Bank as joint lead arrangers.

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.

BofA Agents $550 Term Loan for R. R. Donnelley & Sons

R. R. Donnelley & Sons entered into a $550 million senior secured term loan B credit facility with Bank of America as administrative agent.

Wells Fargo, Fortress Support Perry Ellis Acquisition

An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.

PNC Capital Markets Leads Mammoth Energy $185MM ABL Revolver

Mammoth Energy Services has amended its credit facility to include a five-year $185 million asset backed revolving credit facility, extending the maturity to October 2023.

BofA Agents New $150MM ABL for Basic Energy

Basic Energy Services entered into a new $150 million asset-based lending credit facility that is secured by its accounts receivable and related assets.

PNC, JPMorgan Chase Provide $285MM Facilities to Funko

Funko entered into a commitment letter with PNC for a $285 million credit facility consisting of a $50 million revolver and a $235 million term loan. JPMorgan will serve as joint lead arranger and syndication agent for the facilities.