Upon Clearlake Capital Group’s acquisition of FrontRange Solutions, Clearlake merged FrontRange with Lumension to form HEAT Software. WFCF, PNC Bank, Capital One and Consortium Finance provided financing to HEAT Software.
Textainer Group Holdings closed an amendment to extend the term and lower the interest rate on a $300 million revolver to finance seasoned income producing intermodal shipping containers.
HighTower increased its revolver to $150 million from original lenders BMO Harris Bank and PNC Bank, now joined by SunTrust.
Invacare completed a new, three-year $100 million ABL revolver. PNC Bank served as administrative agent.
G.C. Andersen Partners announced the closing of a $109.1 million financing for Acme Lift. The financing was structured with an $85 million revolver provided by PNC Bank and Wells Fargo Capital Finance.
PNC Bank closed a $26.5 million financing facility for MAYCO Industries. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and treasury management services.
Yashi announced it received a $4 million committed line of credit from PNC Bank. The new credit line will support the company’s rapid growth.
ENSERVCO announced it received approval from PNC Business Credit for a $40 million revolver, which will replace a prior revolving credit facility and term loan with PNC Bank that totaled $16 million.
PNC Bank announced the closing of $84 million in ABLs for three companies in the Southeast: Interra International, KPAQ Industries and Kingsdown.
PNC Business Credit announced the appointment of Tom Hayes to lead the western regional team.