PNC Provides $30 Million In Senior Secured Financing To Heniff Transportation Systems
Mar 27, 2013
PITTSBURGH, March 28, 2013 -- PNC announced today $30 million in senior secured revolving credit for Heniff Transportation Systems, LLC. Headquartered in Oak Brook, Ill., Heniff Transportation delivers liquid bulk chemicals throughout the continental United States and Canada. The company has terminal locations in Illinois, Pennsylvania, Tennessee, Louisiana and Texas and provides bulk transportation services to 70 percent of the top 50 U.S. chemical producers. The facility was sought to finance future growth and refinance all existing debt.
The transaction also includes treasury management products and services, including a lockbox and depository account.
PNC loans and treasury management products and services are provided by PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE:PNC).
The PNC Financial Services Group, Inc. (www.pnc.com) is one of the largest, diversified U.S. financial services organizations. In the United States, The PNC Financial Services Group, Inc. provides retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.