PNC Bank Archives - Page 5 of 30

JPMorgan Chase Leads Amendment of Progress’ $575MM Credit Facility

Progress, a provider of products to develop, deploy and manage high-impact applications, entered into an amended secured credit facility in the aggregate amount of $575 million. JPMorgan Chase Bank acted as administrative agent for the transaction.

Wells Fargo Securities Leads Credit Facility Upsize for TTEC Holdings

TTEC Holdings amended and extended its credit facility, increasing the total commitment amount by $300 million to $1.5 billion and extending the maturity to November 2026. Commitments were provided by a syndicate of banks, with Wells Fargo Securities serving as left lead arranger.

PNC Bank Upsizes and Extends Tecnoglass’ Revolver

Tecnoglass increased the borrowing capacity under its committed line of credit from $50 million to $150 million and extended the maturity to the end of 2026. PNC Bank led the facility as administrative agent.

HSBC-Led Syndicate Provides $150MM Revolver to MarketWise

MarketWise entered into a loan and security agreement with a syndicate of five banks providing for a revolving credit facility of up to $150 million. HSBC Bank and BMO Capital Markets acted as joint lead arrangers and joint bookrunners, with HSBC as administrative agent.

PNC Bank Names Regional Presidents in California with Appointments of Ingle and Wilson

PNC Bank appointed two regional presidents in California. Jarrod Ingle joined as the regional president and head of corporate banking for the Orange County-Inland Empire market, while Todd Wilson joined as regional president for the Greater Los Angeles Metropolitan Area.

Finacity and PNC Facilitate $26.6MM Receivables Securitization for Global IT Services Company

Finacity and PNC Bank launched a trade receivables securitization for a U.S.-headquartered technology support company. The securitization program will allow the company up to $25 million in senior funding provided by PNC, while Finacity will provide up to $1.6 million in junior funding.

October 22, 2021 Finacity | PNC Bank | White Oak Ian Koplin

PNC Completes Conversion of BBVA Branches as Part of Acquisition

PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.

October 13, 2021 BBVA USA | PNC Bank | PNC Financial Services Group | William S. Demchak Ian Koplin

JPMorgan Chase Agents $1.3B Credit Agreement for Healthcare Trust of America

Healthcare Trust of America and its operating partnership, Healthcare Trust of America Holdings, entered into a third amended and restated $1.3 billion revolving credit and term loan agreement. JPMorgan Chase Bank served as the administrative agent for the facility.

PNC-Led Syndicate Extends and Expands L.B. Foster Company’s Credit Agreement

L.B. Foster Company entered into a fourth amended and restated credit agreement to, among other considerations, extend the facility maturity date to Aug. 13, 2026 and increase borrowing capacity to $130 million. PNC Bank is leading the five-bank syndicate for the facility as administrative agent.

BofA Leads Amendment of Credit Agreement for Chase Corporation

Chase Corporation entered into a new amended and restated credit agreement with Bank of America as administrative agent and with participation from Wells Fargo Bank, PNC Bank and JPMorgan Chase Bank.

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