Tag Archives: PNC Bank

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

Syndicate of Lenders Provide $400MM Credit Facility to Gibraltar Industries

Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.

TCW and PNC Finance Atlantic Squared’s Acquisition of Metal Roofing Systems

Atlantic Squared Supply acquired Metal Roofing Systems and Metal Roofing Systems & Supply with financing provided by TCW Asset Management Company and PNC Bank. FocalPoint served as co-advisor to Atlantic Squared, along with Statesman Business Advisors.

Wells Fargo Leads $800MM Credit Facility for Federal Signal

Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.