Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo.
Capital Southwest agented a first lien term loan to support O2 Investment Partners’ investment in Flip Electronics. PNC Bank served as first-out lender on the transaction and provided a revolving credit facility. Main Street Capital also served as a last-out lender on the term loan.
PNC Bank provided Luna Innovations Incorporated, a provider of optical technology, with a secured debt facility of $27.5 million. The agreement includes a three-year $12.5 million term loan facility and a three-year $15 million revolving credit facility.
PNC Bank entered a $900 million senior secured credit agreement with Helios Technologies, a developer and manufacturer of solutions for the hydraulics and electronics markets.
Mastech Digital acquired AmberLeaf Partners. Concurrent with the acquisition, Mastech Digital entered into a revised credit facility with PNC Bank, which increased the term loan facility by approximately $10 million to $17.5 million and increased the revolving loan facility to $30 million.
PNC Bank served as administrative agent on a $400 million asset-based revolving credit facility and, according to an 8K, Sixth Street Specialty Lending served as administrative agent and lead arranger on a $250 million senior secured term loan for Designer Brands.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
According to an 8K, PNC Bank will serve as administrative agent on a $75 million asset-backed revolving credit facility for Pioneer Energy Services in conjunction with the company’s emergence from Chapter 11 bankruptcy protection.
According to an 8K filed with the SEC, PNC Bank served as administrative agent and PNC Capital Markets served as structuring agent on a new three-year $75 million accounts receivable facility for Covia.
According to an 8K filed with the SEC, U.S. Bank served as disbursing and collateral agent on an amendment to a term loan agreement for Quantum while PNC Bank served as administrative agent for an amendment to the company’s revolving credit agreement.