PNC Bank Provides $50MM ABL to Bunkers International
PNC Bank announced the closing of a $50 million asset-based revolver for Bunkers International. The company is using the funds to refinance existing debt and support its growth initiatives.
PNC Bank announced the closing of a $50 million asset-based revolver for Bunkers International. The company is using the funds to refinance existing debt and support its growth initiatives.
Triumph Group raised $375 million by entering into a bank term loan with its PNC Bank-led lending group. Concurrently, the company extended its existing $1 billion revolver to November 2018.
Pivot Technology Solutions announced that it entered into an agreement with PNC Bank for the provision of $185 million of senior secured asset- based revolving credit and term loan facilities.
PPL announced a financing arrangement with 21 regional / local banks in Pennsylvania to provide a $300 million revolver. PNC Bank and Manufacturers and Traders Trust were lead arrangers.
PNC Capital Markets and RBS Citizens acted as joint lead arrangers, with PNC Bank acting as administrative agent, for a $300 million syndicated credit facility for Calgon Carbon.
GA Telesis increased its facility by $50 million to $150 million. Led by PNC Bank, the facility has participation from a total of six global and regional banks.
Charles & Colvard closed a new $10 million secured line of credit with PNC Bank. The new line of credit provides Charles & Colvard short-term flexibility to pursue continued growth opportunities.
PNC Bank, a member of The PNC Financial Services Group, announced the closing of a $14 million ABL revolver for Gray Line of Tennessee. The funds are intended to refinance debt and provide ongoing working capital.
American Water Capital increased its revolver to $1.25 billion. According to an October 2012 8-K, Wells Fargo Bank is serving as administrative agent, with JPMorgan Chase Bank as syndication agent.
OM Group announced that it entered into a new $350 million revolver, replacing its previous credit facility. The facility was arranged by PNC Bank.