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.

Poised to Take the Plunge

Each year at this time, we at ABF Journal like to check in with leading asset-based lenders for a review of the year that’s been and a look forward to the one ahead. It became clear that we are on the brink of something promising as we push further into 2010; but with lenders and borrowers still testing the waters, it’s not entirely clear when they’ll take the plunge. What seems fairly certain, however, is that when they do, they may not dive as deep as they once did.