PittsburghMVP
  • Home
  • News
  • Jobs
  • Network
    • BusinessMVP
    • CareerMVP
    • PhiladelphiaMVP

PNC Bank Provides $26.5 Million To Southeast Manufacturer

Pittsburgh, Press Releases

PITTSBURGH, Dec. 30, 2014 – PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the closing of a $26.5 million financing facilit for MAYCO Industries, Inc. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and treasury management services. Based in Birmingham, Alabama, the company is using the funds for acquisition, growth and working capital needs.

MAYCO is a manufacturer of non-battery lead products for industries, such as plumbing, pharmaceutical, electronics and chemical.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the United States’ largest diversified financial services organizations providing 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.

SOURCE: PNC Financial Services Group

Related Posts

Press Releases

Dollar General Announces Approximately $35 Million Investment in Employees, 50,000 New Hires

Press Releases

U.S. Bank announces 20% Premium Pay Program for employees and $30M commitment to support individual and small business recovery

Press Releases

CVS Health to provide bonuses, add benefits and hire 50,000 in response to pandemic

Featured

  • Dollar General Announces Approximately $35 Million Investment in Employees, 50,000 New Hires
  • U.S. Bank announces 20% Premium Pay Program for employees and $30M commitment to support individual and small business recovery
  • CVS Health to provide bonuses, add benefits and hire 50,000 in response to pandemic
  • Papa John’s to Hire 20,000 New Team Members Immediately
  • Albertsons Companies Partners with Major Businesses to Offer Part-Time Jobs to their Furloughed Employees
PittsburghMVP
Copyright © BusinessMVP.com
All Rights Reserved!