This new facility opens up many new avenues for our business. It allows us to flex with seasonal and weatherbased fluctuations in trading, helps deliver the strength to negotiate even better deals with suppliers and provides a strong platform for our ambitious plans. We saw many potential lenders, but with PNC we never felt that we were being sold to. Their team had a straightforward and pragmatic approach and wanted to build a long-term partnership. The deal process was smooth, with no surprises along the way. What’s more, they met our tight timescale for deal completion, even though we were in the midst of countrywide lockdown. That was an impressive undertaking.
*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions.
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