PNC expanded the leadership roles of Deborah Guild, chief security officer, and Ganesh Krishnan, corporate and institutional bank (C&IB) and staff service technology chief information officer.
According to the latest PNC semi-annual survey for small and mid-size business owners and executives, businesses are adapting amid the COVID-19 pandemic by making major changes to their operations, including increased use of technology.
PNC committed more than $50 million in charitable support for national and local work that will help eliminate systemic racism and more than $1 billion in community development financing and capital for neighborhood revitalization, consumers and small businesses.
According to an 8K filed with the SEC, JPMorgan Chase served as administrative agent on the refinancing of Office Depot’s existing asset-based credit facility, which now consists of a $1.2 billion revolving credit facility and a $100 million first-in, last-out facility.
Retail Opportunity Investments amended its $600 million credit facility, extending the maturity date to February 2024 and reducing the borrowing rate to LIBOR plus 0.9%.
Hudson Technologies has entered into a new revolving credit facility with Wells Fargo Bank, which provides up to $60 million in borrowing capacity from time to time, subject to a borrowing base.
PNC Bank closed a $57.3 million senior secured credit facility to support Dallas-based Crossplane Capital’s acquisition of the Accent Family of Companies.
ALJ Regional Holdings acquired Realtime Digital Innovations, closed an equity private placement and amended its credit agreement with PNC Bank as administrative agent.
Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.