PNC Bank Archives - ABFJournal

PNC and Angelo Gordon Lead Refinancing Transactions for Glatfelter

Glatfelter Corporation, a supplier of engineered materials, completed several refinancing transactions, including amending its syndicated revolver led by PNC and closing on a $271.88 million term loan from Angelo Gordon.

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.

PNC Provides Expanded Credit Facility to Evans Transportation Services

Evans Transportation Services closed a new credit facility with PNC Bank to support the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.

December 21, 2022 Evans Transportation Services | Jason Mansur | Luke Tripodi | PNC Bank | Ryan Keepman Phil Neuffer

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.

PNC Bank Provides $100MM Term Loan to Centerspace

Centerspace closed on a $100 million term loan with PNC Bank as administrative agent. The loan currently bears interest at a floating rate of 1.20% to 1.75% over the SOFR based upon Centerspace’s leverage ratio and is for a term of one year with a one-year extension option.

November 29, 2022 Centerspace | Mark O. Decker Jr. | PNC Bank Ian Koplin

BofA, JPMorgan Chase and PNC Bank Amend and Extend Credit Facility with Huron

Global professional services firm Huron amended and extended its senior secured credit facility.

November 17, 2022 Bank of America | Huron | John D. Kelly | JPMorgan Chase Bank | PNC Bank Ian Koplin

PNC Bank and Blue Torch Capital Provide $105MM Debt Financing to Quotient Technology

Quotient Technology and PNC Bank closed a senior secured asset-based revolving credit facility in an initial aggregate principal amount of $50 million. Blue Torch Capital also committed to provide a senior secured term loan facility in an aggregate principal amount up to $55 million.

November 9, 2022 Blue Torch Capital | Matt Krepsik | PNC Bank | Quotient Technology Ian Koplin

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.

PNC Bank Provides $900MM Credit Facility to Big Lots

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.

October 21, 2022 Jonathan Ramsden | Marc Price | PNC Bank | PNC Business Credit | PNC Capital Markets Ian Koplin

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