PNC Bank closed a $900 million senior secured credit facility for Big Lots. PNC served as administrative agent for the facility and PNC Capital Markets served as joint lead arranger and joint bookrunner.
AVENUE Stores, the omni-channel retailer of the AVENUE brand of women’s plus-size fashion apparel, footwear and accessories, successfully refinanced its outstanding capital structure. PNC provided a $45 revolving credit facility to support the recap.
PNC Bank served as administrative agent for a $315 million senior secured credit facility to support JD Sports Fashion’s acquisition of The Finish Line.
Marc S. Price, a former executive at Monroe Capital and Salus Capital Partners, joined PNC Business Credit as senior vice president, to head a newly established retail finance unit.
ABF Journal illustrator Jerry Gonzalez provides his take on Ted Koenig, Monroe Capital President and CEO, calling Andy Moser and Marc Price off the bench to “play” for his team.
As Monroe Capital enters its second decade in business, president and CEO Ted Koenig looks back at the challenges of the Great Recession and shares his vision for a bright future.
Monroe Capital said it has established a new business vertical, Retail and Consumer Products Asset-Based Lending. Andy Moser and Marc Price have joined the firm to co-head this new finance practice group.