PNC Agents L.B. Foster Facility Downsize to $275MM
L.B. Foster decreased the size of its revolving facility to $275 million from $335 million and increased the leverage ratio. PNC served as administrative agent for the five bank lender group.
L.B. Foster decreased the size of its revolving facility to $275 million from $335 million and increased the leverage ratio. PNC served as administrative agent for the five bank lender group.
Software provider Ebix expanded its existing credit facility from $240 milion to $400 million to fund its growth and share repurchase programs.
Regions Bank served as administrative and collateral agent for the transaction.
Ebix expanded its credit facility from $240 million to $400 million with a group of lenders led by Regions Bank serving as administrative and collateral agent.
As a condition to the closing of a preferred stock offering, Air Industries entered into an amendment to its credit facilities with PNC Bank encompassing a revolver of $40.4 million and a term loan of $7.4 million.
Blake Kenny, senior vice president, joined PNC Bank’s senior secured financing team in the Midwest.
Rhino Energy, a subsidiary of Rhino Resource Partners, extended the term of its credit agreement with a lender group led by PNC as administrative agent.
Ampco-Pittsburgh closed a new asset-based revolver of up to $100 million with a lender group led by PNC Bank serving as administrative agent.
PNC closed a $200 million asset-based revolving credit facility for Concordance Healthcare Solutions. PNC Capital Markets acted as joint lead arranger on the syndication of the loan.
Allegheny Technologies amended its revolving credit and security agreement with PNC Bank as agent to add a $100 million term loan to the facility and amend other covenants.
Black Box refinanced its existing facility with a new, five-year, $200 million senior secured credit facility with a group of lenders led by PNC Bank as administrative agent and Bank of America as syndication agent.