Bob Evans Farms amended its existing credit facility with a bank group led by PNC and PNC Capital Markets that acted as administrative agent and joint lead arranger, respective for the facility.
Tecumseh Products announced it entered into an amendment of its credit facility with PNC Bank that reduces the borrowing base minimum availability threshold from $12.5 million to $5.0 million.
IBEX Global Solutions increased its existing revolver with PNC Bank by $5 million and received an additional $10 million to finance capital expenditures.
PNC Bank appointed Kurt V. Putkonen to SVP and regional manager for the ABL team in the Southwest.
PNC promoted Robin L. Arriola to SVP and sales manager for ABL in southern California and the Desert Southwest, and Terrence J. Mech to SVP and sales manager for ABL in northern California and the Pacific Northwest.
Motorcar Parts of America entered into a $125 million credit facility with PNC Bank consisting of a $100 million revolver and $25 million term loan.
Bob Evans Farms amended its existing $750 million credit facility. PNC Bank and PNC Capital Markets acted as administrative agent, joint lead arranger and sole bookrunner, respectively for the facility.
PNC Bank announced the closing of $25 million in senior secured revolving credit for paper manufacture Appleton Coated.
PNC Bank announced a syndication of $210 million in revolving credit for grocery retailer Haggen. PNC Capital syndicated the transaction as sole lead arranger and bookrunner, and PNC Bank is administrative agent.
Chassix reached an agreement regarding its restructuring and recapitalization. The company received a commitment for $250 million in DIP financing from PNC Bank.