PNC Appoints Leadership Team for New Kansas City Market
PNC named a leadership team for its expanded market presence in the Kansas City region.
PNC named a leadership team for its expanded market presence in the Kansas City region.
Teleflex refinanced its credit facilities with JPMorgan as administrative agent, providing a $1 billion five-year revolver and a $750 million delayed draw loan to support the company’s acquisition of Vascular Solutions.
Dean Foods amended its credit agreement with Bank of America as agent, extending the maturity date of the facility to January 4, 2022. Dean also amended the terms of its receivables securitization facility with Rabobank, New York branch, as agent.
Great Lakes Dredge & Dock closed on a $250 million three-year revolving credit facility. PNC Bank acted as administrative agent and issuing lender.
PNC Bank added Daniel Morihiro, senior vice president; Patrick Simpson, senior vice president and Graham Holding, vice president, to the senior secured financing team.
FirstEnergy and certain of its subsidiaries entered a $4 billion revolving credit facility agented by Mizuho, a $1 billion revolver agented by PNC and a $1.2 billion term loan agented by Bank of America.
Sonic Automotive entered into an amendment encompassing a revolver that has a borrowing limit of $250 million, which may be expanded up to $300 million with a lender group led by Bank of America as administrative agent.
SMTC amended its revolving credit and security agreement with PNC Bank. The term loan was increased from $4.25 million to $10 million. The revolver was reduced from $35 million to $30 million.
Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata. JPMorgan agented an amendment to Modine’s credit facility to support the transaction, including a new $275 million term loan.
Polaris Industries completed its acquisition of Transamerican Auto Parts for an aggregate consideration of $665 million. U.S. Bank served as administrative agent for the lender group that provide financing to support the transaction.