Citizens Upsizes VSE Facility to $500MM

VSE amended its credit agreement with Citizens Bank as administrative agent, increasing the term loan to $100 million, the revolving credit facility to $300 million and the incremental facility from $75 million to $100 million.

PNC Closes $225MM Revolver for TaylorMade Golf

PNC Bank closed a $225 million senior secured asset-based revolving credit facility for TaylorMade Golf, a portfolio company of New York-based KPS Capital Partners.

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 Reduces CNX Credit Facility to Support CONSOL Spinoff

CNX Resources Corporation completed the spin-off of CONSOL Energy, creating two publicly-traded companies. PNC reduced the capacity of CNX’s credit agreement to support the transaction.

PNC Agents $150MM Revolver for Staffing Firm CDI

PNC served as administrative agent on a $150 million revolver for staffing firm CDI, a portfolio company of AE Industrial Partners.

PNC Bank Names Bucher Regional President/Port Cities Region

PNC Bank appointed Brian Bucher regional president of a newly created Port Cities region, encompassing Jacksonville, FL, Charleston, SC and Savannah, GA effective January 1, 2018.

PNC Agents Crocs Facility Upsize to $100MM

Crocs and its subsidiaries amended its credit facility agented by PNC Bank to increase the aggregate amount from $80 million to $100 million.

JPMorgan Agents $400 Revolver for Knowles

Knowles, a supplier of advanced micro-acoustic, audio processing and specialty component solutions, closed a new credit facility with JPMorgan as administrative agent.

BofA Agents $800MM ABL for RR Donnelley & Sons

RR Donnelley & Sons closed an ABL revolver for up to $800 million with Bank of America serving as administrative agent.

PNC, Fifth Third, Everbank Support Textainer Refi

A subsidiary of Textainer Group refinanced its credit agreement to extend its term loan and lower the rate on its warehouse facility. PNC, Fifth Third and Everbank Commercial Finance have joined the syndicate of lenders.