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Junior Secured & Second Lien Lending
Steel City Capital Funding (SCCF), a division of PNC Bank N.A.
We are a specialty finance company serving Middle Market companies and Private Equity sponsors, expanding on the capabilities of PNC Business Credit.
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Our Approach
Steel City's experienced team of lending professionals understand that potential goes beyond the numbers, accounting for your management team, your systems and processes, products, services and your market position.
Our extensive transactional experience allows us to understand your company. And, by understanding your company, we understand how to deliver solutions. As a division of PNC Bank, we remain a reliable funding source through market cycles. When creative financing alternatives are required, Steel City, in conjunction with PNC Business Credit, can be a ready source of capital for growing businesses.
Lending Criteria
Senior Steel City professionals average over 20 years of lending experience and can structure innovative and flexible senior debt buyouts, acquisitions, growth capital, recapitalisations and refinancings to get deals done.
Most of our lending relationships fit the following criteria:
£5-25 Million Target Hold — With ability to underwrite larger amounts, and maturities up to 5 years with flexible amortisation schedules.
Primary Industries — Of manufacturing, retail, wholesale, distribution and services.
EBITDA — Greater than £5 million.
Stable History — Of sustainable revenue and cash flow.
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We Get the Deal Done
At PNC Business Credit and Steel City Capital Funding, “Done Deal” is not just a tagline. It’s who we are.
Consistent, creative, reliable capital in all phases of the business cycle, delivered by leading dealmakers who are experts in their field. With us, it's more than confidence of execution. It’s a Done Deal.
a portfolio sponsor of
Rutland Partners
Undisclosed*
Revolving Line of Credit & Term Loan
Rail Plant Hire
a portfolio sponsor of
JZ International
£27,000,000*
Revolving Line of Credit & Term Loan
Personal Care Products
a portfolio company of
MML Capital Partners
£36,750,000*
Revolving Line of Credit & Term Loan
School Uniform & Sportswear Suppliers
Lending Solutions
From Cash Flow-based senior term loans, and Junior Secured and Second Lien term loans for sponsored and non-sponsored transactions, Steel City’s extensive industry expertise recognises the value of a company offering expanded access to capital.
Junior Secured & Second Lien Lending
When senior lending doesn’t get you where you need to grow, Junior Secured lending through Steel City may be an answer. By leveraging capital with pricing more favourable compared to unsecured mezzanine debt and without diluting equity, Junior Secured lending can fill important gaps in your capital structure and provide the critical financing needed to achieve your goals.
Stretch Cash Flow
When a traditional asset-based or Cash Flow structure is insufficient, a stretch Cash Flow layer of financing may be a good fit. As a hybrid structure between Cash Flow and asset-based senior lending, companies are able to obtain the capital they need when asset value or Cash Flow by themselves may not be enough to meet their objectives.
Important Legal Disclosures & Information
*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank, National Association (“PNC Bank”).
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
©2020 The PNC Financial Services Group, Inc. All Rights Reserved.
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