Toronto advises PNC Bank, National Association on US$115m credit facility in favour of SSI Acquisition, LLC
Canada | October 27, 2020
Client: PNC Bank, National Association
Our Toronto office acted as Canadian counsel to PNC Bank, National Association in its capacity as agent in a US$115m credit facility in favour of SSI Acquisition, LLC, a North American supplier of education products and equipment in the pre-kindergarten through post-secondary education markets.
The credit facility consisted of a secured asset-based revolving multicurrency financing. Proceeds were used to acquire assets and equity of School Specialty Canada, Ltd. (f/k/a Premier School Agendas).
The team included David Amato, Russell Dufault and Olga Lenova.