PNC Agents $16.2MM Facility for MPD

PNC Bank closed and served as administrative agent on a $16.2 million senior secured credit facility for electronic components provider MPD.

PNC to Provide $98MM DIP to Heritage Home Group

Heritage Home Group, a furniture group created following the 2013 bankruptcies of iconic brands Thomasville, Broyhill and Lane, has filed Chapter 11 and has already found buyers for its assets. PNC Bank has agreed to provide $98 million DIP financing.

PNC Names Leaders of New Houston Banking Team

PNC Bank’s new Houston banking team will be led by Julie Young Sudduth, who will serve as the regional president. Joining Sudduth will be Christian Brown, head of Corporate Banking for the Houston market, and Thomas Byargeon, who leads PNC’s Energy Group.

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.

Beiser Leads Veteran Team Launching PNC Denver Expansion

PNC Bank entered the Denver region led by regional president, Ryan Beiser. Joining Beiser is Bremmer Kneib, head of Corporate Banking, and Ellen Sandberg, director of Client and Community Relations.

Scotiabank Agents Gulfport Facility Amendment

Gulfport Energy amended its secured revolving credit facility with The Bank of Nova Scotia as administrative agent.

Wells Fargo, PNC, Others Upsize Ferrellgas A/R Facility

Ferrellgas Partners increased its accounts receivable securitization facility from $225 million to $250 million with a bank group that included Wells Fargo, PNC and Fifth Third.

Deutsche, PNC Arrange FERRO Refi

Ferro closed on a new $820 million senior-secured term loan facility and increased its senior-secured revolving credit facility to $500 million. The company will use the proceeds to repay outstanding balances on its prior facility.

PNC Agents $20MM Upsize for Funko

Funko amended its current credit facility to reduce the interest rates on the company’s term loan A and revolving credit facility by 75 basis points and increased the borrowing base under the revolving credit facility by $20 million.

PNC Supports ATPCO Acquisition of Routehappy

Outcome Capital acted as exclusive financial advisor to ATPCO for the acquisition of Routehappy and acted as placement agent for ATPCO in the arrangement of a credit facility with PNC to support the transaction.