PNC Financial Services is a large U.S. bank that provides a wide range of financial services for individuals, small businesses, and large corporations. It offers checking and savings accounts, credit cards, home and auto loans, and retirement planning, plus digital tools such as the PNC Virtual Wallet that combines checking, savings, and budgeting features. The product works by letting customers manage money through traditional banking products and digital tools: deposits and loans generate interest, while fees and investment income add to revenue. Compared with many peers, PNC differentiates itself through its integrated digital wallet platform and a long history of service, plus a strong emphasis on community involvement and corporate responsibility. The company's goal is to help clients reach their financial goals by providing expert advice, reliable service, and support for local communities, employees, and shareholders.
Company Size
10,001+
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
1845
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Company Equity
Paid Vacation
Paid Sick Leave
Wellness Program
Professional Development Budget
CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Stepan Company has secured a new $500 million five-year credit agreement, replacing its previous $450 million facility and boosting liquidity by $50 million. The specialty chemicals maker announced the deal on 25 September 2026. The new package comprises a $350 million multicurrency revolving credit facility and a $150 million delayed draw term loan, both maturing in September 2031. An expansion option allows Stepan to increase total capacity to $750 million if needed. Interest rates are tied to the company's net leverage ratio, with spreads ranging from 1.125% to 1.625% above benchmark rates. JPMorgan Chase Bank serves as administrative agent, with Bank of America as syndication agent. The agreement includes standard financial covenants and will finance working capital, acquisitions, capital expenditure, and general corporate purposes.
Paylocity has entered into an amended and restated revolving credit agreement establishing a $1.75 billion senior secured facility with PNC Bank and other lenders, replacing a prior 2019 agreement. The facility matures on 17 September 2031 and had $81.25 million outstanding on the effective date. The agreement allows Paylocity to request up to $875 million in additional revolving commitments and up to two one-year maturity extensions, subject to lender approval. Proceeds may be used for working capital, capital expenditures, general corporate purposes, permitted acquisitions, investments, distributions, and share repurchases. The facility is guaranteed by material subsidiaries and secured by substantially all assets of Paylocity and the guarantors. Financial covenants require a maximum net total leverage ratio of 4.0x and a minimum interest coverage ratio of 2.0x.
As filed with the Securities and Exchange Commission on November 10, 2020.
Limbach Holdings announced on 9 September 2026 that its subsidiary, Limbach Facility Services, secured a $300 million credit facility with PNC Bank. The agreement replaces a previous $125 million revolving credit facility with Wheaton Bank & Trust Company. The new facility comprises a $200 million revolving credit facility, a $50 million term loan, and a $50 million delayed draw term loan. It matures on 9 September 2031. Limbach used proceeds from the PNC facility to repay approximately $118.1 million of principal from the terminated Wintrust Credit Agreement. The company may request additional commitments up to $150 million or 100% of consolidated EBITDA, subject to conditions. No early termination penalties or prepayment fees were incurred.