PNC Bank Agents $18.5 Facility for Corso Sons

PNC Bank closed an $18.5 million senior secured credit facility for Sandusky, OH-based August Corso Sons.

PNC Agents Up to $12MM DIP for AVENUE Stores

AVENUE Stores voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company is pursuing this course of action to facilitate its transformation into an e-commerce-only platform.

PNC Bank Provides $235MM Facility for KPS Capital Partners

PNC Bank provided a $235MM senior secured credit facility to support New York-based KPS Capital Partners’ acquisition of Life Fitness.

PNC Bank Agents $30MM Facility for Sigma Piping

PNC Bank closed a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products.

PNC Upsizes Motorcar Parts of America Facility to $269MM

Motorcar Parts of America entered into an amended credit facility agreement led by PNC Bank, resulting in a new increased aggregate facility of approximately $269 million.

PNC Provides New $25MM Revolver to AutoWeb

AutoWeb entered into a new three-year, $25 million secured revolving credit facility with PNC Bank.

Seminario, Duranto Promoted within PNCBC Tech Finance Group

PNC Bank appointed J.P. Seminario national originations manager and Christopher P. Duranto director, western originations for PNC Business Credit’s Technology Finance group

PNC Agents $140MM Facility for Ames Watson Acquisition of Lids

PNC Bank closed a $140 million senior secured credit facility to support Maryland-based Ames Watson’s acquisition of Lids Sports Group. PNC Bank served as administrative agent on the transaction.

PNC Agents $400MM Facility for American Eagle Outfitters

PNC Bank served as administrative agent on a $400 million senior secured credit facility for American Eagle Outfitters. PNC Capital Markets served as joint lead arranger and joint bookrunner on the transaction.

Crocs Receives $50MM Upsize from PNC, KeyBank

Shoe manufacturer and retailer Crocs amended its credit agreement with PNC Bank as administrative agent and KeyBank as syndication agent.