Tag Archives: PNC

PNC Names Lyons President

The board of directors of PNC Financial Services unanimously appointed Michael P. Lyons president of the company and its wholly-owned banking subsidiary, PNC Bank. Lyons has been an executive vice president and head of corporate and institutional banking since he joined PNC in October 2011.

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.

ING, PNC, Fifth Third, BofA and BMO Provide $350MM Credit Facility to Green Plains

Green Plains completed a five-year, $350 million senior secured sustainability-linked revolving credit facility to support general corporate and working capital needs of the company. ING Capital, PNC, Fifth Third, Bank of America and BMO Harris Bank served as joint lead arrangers.