PNC said Tuesday that it has provided $27 million in senior secured financing for New York-based private equity firm Blue Wolf Capital Partners. Steel City Capital Funding, a division of PNC, provided a portion of the financing. The funds will be used by Blue Wolf to acquire Suwannee Lumber Company based in Cross City, Fla.
PITTSBURGH, July 16, 2013 – PNC announced today $27 million in senior secured financing for Blue Wolf Capital Partners LLC, a private equity firm, headquartered in New York, N.Y. Blue Wolf Capital used the funds in its acquisition of Suwannee Lumber Company based in Cross City, Fla.
This financing includes a $15 million term loan, a $12 million asset-based revolver and treasury management. Steel City Capital Funding, a division of PNC, provided a portion of the financing.
PNC lending 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 nation’s 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.
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