PNC Bank closed senior secured credit facilities totaling $48 million for two new clients: Wellnext, a family of brands that delivers research-backed nutritional supplements, and Elite One Source Nutrisciences, a manufacturer of supplements for branded marketing companies.

The financing package for Wellnext, a portfolio company of WM Partners, included a $30 million senior secured revolving loan and treasury management services. Sunrise, FL-based Wellnext is a family of brands that delivers research-backed nutritional supplements for every consumer life stage.

PNC provided an $18 million senior secured financing package for Elite One Source Nutrisciences, a portfolio company of Ampersand Capital Partners, including a $12 million revolving loan, and a $6 million term loan as well as treasury management and capital markets services. Missoula, MT-based Elite One Source is a contract manufacturer of nutraceutical products for the health, wellness and medical nutrition markets. The company combines in-house product formulation expertise and manufacturing capacity to develop, produce and distribute tablet, capsule and powder nutritional supplement products.

Both companies will utilize the funds to refinance existing debt and for general working capital purposes.