PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the Digital Services Agreement.
PITTSBURGH, Jan. 4, 2018 – PNC Bank, N.A., announced today that it has closed a $225 million senior secured asset-based revolving credit facility for TaylorMade Golf Company, Inc., a portfolio company of New York-based KPS Capital Partners.
Headquartered in Carlsbad, California, TaylorMade Golf is a leading manufacturer of high performance golf equipment, golf balls and accessories under the TaylorMade brand. TaylorMade is a major force on the PGA Tour and has one of the strongest athlete portfolios in golf, with five players in the current Top 12 in the Official World Golf Rankings, including Dustin Johnson, Rory McIlroy, Jason Day, Justin Rose and Jon Rahm.
TaylorMade Golf Company, Inc. will use the funds to support ongoing working capital needs. PNC Bank, N.A., served as administrative, collateral and documentation agent. PNC Capital Markets served as joint lead arranger and syndication agent.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACT:
Rob Tacey
(302) 429-2743
robert.tacey@pnc.com
