Tag Archives: PNC Bank

Peapack-Gladstone Bank Adds O’Hara as Senior Managing Director

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, PNC and Main Street Support O2’s Investment in Flip Electronics

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 Increases Financing to Mastech Digital to Support AmberLeaf Acquisition

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 and Sixth Street Arrange $650MM in Financing for Designer Brands

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.

Citigroup-Led Syndicate Amends Harsco’s Credit Facilities

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.