PNC Bank has closed on a $200 million senior secured credit facility for Armada Partners LP, Pittsburgh’s third-largest private company.
PNC (NYSE:PNC) served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and bookrunner.
Armada, which posted 2017 revenue of $2.95 billion, employs 245 locally. It was established by the Hofmann family in the 1890s as a meat packing company and eventually broadened its business into supply chain operations and logistics management.…
