Rita Garwood - Profile and Journalist Details
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Rita Garwood
Verified
Editor-in-Chief, MonitorDaily
Phoenixville
Beats
financeBusiness property and wealth management.
State and local politics, crime, investigative.
Content
NN Secures $183MM Refinancing Deal With PNC Bank and Marathon Asset Management in Two-Part Structure
By Rita Garwood Verified| ABF Journal Verified CHARLOTTE, N.C. — NN, Inc. (NASDAQ: NNBR) has completed a $183 million refinancing package through two separate agreements with PNC Bank and Marathon Asset Management, the company announced Tuesday. The transaction includes a $65 million asset-backed loan (ABL) from PNC Bank and a $118 million term loan from Marathon, both maturing in 2030.
By Rita Garwood Verified| ABF Journal Verified BOSTON — Pathlight Capital LP announced it is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC (“SVG”), one of the fastest growing omnichannel distributors of Medicare Advantage, and leading Medicare Supplement distributors. As part of the facility, Pathlight underwrote and provided a $170,000,000 term loan. Proceeds from the facilities will be used to refinance existing debt and provide liquidity for general corporate purposes.
NN Secures $183MM Refinancing Deal With PNC Bank and Marathon Asset Management in Two-Part Structure
By Rita Garwood Verified| ABF Journal Verified CHARLOTTE, N.C. — NN, Inc. (NASDAQ: NNBR) has completed a $183 million refinancing package through two separate agreements with PNC Bank and Marathon Asset Management, the company announced Tuesday. The transaction includes a $65 million asset-backed loan (ABL) from PNC Bank and a $118 million term loan from Marathon, both maturing in 2030.
Company Info
MonitorDaily
Monitor is a specialized company focused on the equipment finance and leasing industry, providing industry-specific news, insights, and resources for over 40 years. Based in the United States, Monitor has established itself as a leading publication and information source dedicated to this sector. The company operates primarily through its digital platform, monitordaily.com, which offers a range of subscription-based and free content services. These include the Monitor Suite Subscription, which provides exclusive content and industry rankings, a free daily e-newsletter for timely updates, and a print subscription for those who prefer physical copies. Monitor's audience includes equipment finance companies, leasing professionals, banks, and industry analysts, all seeking valuable information to support their decision-making and networking needs.
Phoenixville, United States
Founded: 1974