Daily News: February 5, 2014

PNC Bank Provides Legacy Cabinets $13.5MM ABL

PNC Bank announced the closing of a $13.5 million asset-based loan for Legacy Cabinets. Based in Eastaboga, AL, the company is using the funds to refinance existing debt and provide ongoing working capital.

The agreement includes a $10 million asset-based revolver and a $3.5 million term loan.

Legacy Cabinets specializes in home cabinetry with authorized dealers in 40 states.