PNC Business Credit Expands Senior Secured Finance Team

PNC Business Credit added Alex McCombs and Todd Austhof to its Senior Secured Finance Team, expanding the Western and Southeast regions.

August 22, 2018 Alex McCombs | PNC Business Credit | Todd Austhof ABF Journal

PNC Provides $575MM Facility to United Refining

PNC Bank acted as administrative agent, lead arranger and bookrunner on a $575 million credit facility for United Refining.

July 25, 2018 PNC Bank | PNC Business Credit | PNC Capital Markets | United Refining Company | William Kosis ABF Journal

PNC Provides Revolvers to Aero Opco, Charming Charlie

PNC Business Credit closed two senior secured revolving credit facilities: one for $175 million for Aero Opco and one for $35 million for Charming Charlie.

June 1, 2018 Aero Opco | Aeropostale | Charming Charlie | Marc S. Price | Nautica | PNC | PNC Business Credit ABF Journal

Hilco Advises Go! Retail on $40MM Debt Facility

Hilco Corporate Finance, a mid-market investment bank and affiliate of Hilco Global, acted as exclusive financial advisor to Go! Retail Group on the latter’s $40 million working capital debt facility.

April 26, 2018 Go! Retail Group | Hilco Corporate Finance | PNC Business Credit ABF Journal

PNC Appoints Three to Senior Secured Financing Team

PNC Business Credit appointed Luke Tripodi and Brian Caldwell to senior vice president and business development officer in Chicago, and Jenna Shah to vice president and business development officer in Seattle.

March 16, 2018 Brian Caldwell | Jenna Shah | Luke Tripodi | PNC Business Credit Amanda Koprowski

PNC Business Credit Appoints Two VP/BDOs to Secured Financing Team

PNC Business Credit appointed Patrick Mercieca and Felicia Leksono to its senior secured financing teams in Toronto and Pittsburgh, respectively.

November 17, 2017 Felicia Leksono | Patrick Mercieca | PNC Business Credit | Wells Fargo Capital Finance ABF Journal

Former Salus/Monroe Exec Price to Lead New PNC Retail Unit

Marc S. Price, a former executive at Monroe Capital and Salus Capital Partners, joined PNC Business Credit as senior vice president, to head a newly established retail finance unit.

November 1, 2017 Marc Price | Monroe Capital | PNC Business Credit | Salus Capital Partners ABF Journal

Former Chase Commercial Exec Joins PNC Business Credit as SVP

PNC Business Credit appointed Karl Brier as senior vice president and business development officer to its senior secured financing team in the western region. Brier was previously with Chase Commercial where he served as market executive.

September 22, 2017 Karl Brier | PNC Business Credit Terry Mulreany

A Peek Behind the Curtain: ABL Underwriters — Evaluating Risk to Seal the Deal

Since the days when tall ships carried cargo across dangerous seas, underwriters have assessed the risks involved before signing off on financial transactions. While the nature of the risks may have changed, underwriters still conduct thorough due diligence to evaluate a company’s stability and the state of the collateral before deals are closed.
ABF Journal contributor Lisa Miller speaks with three underwriters to learn exactly how
they make those evaluations and which signs point to a successful outcome.

July 25, 2017 ABL Underwriters | BMO Harris Bank | Jason Hoefler | Jeff Seiden | Joe Sum | MB Business Capital | PNC Business Credit ABF Journal

Trajkovic Joins Provident Bank as VP/ABL Group

Ivan Trajkovic joined Provident Bank as vice president, relationship manager in the Asset-Based Lending group. Trajkovic was formerly with PNC Business Credit.

March 1, 2017 Ivan Trajkovic | PNC Business Credit | Provident Bank ABF Journal