PNC Bank Canada Branch, announces new syndicated senior secured asset-based credit facility

On September 2, 2016, PNC Bank Canada Branch, as agent, provided a revolving asset-based facility in the aggregate sum of CAD$38,000,000 in favour of DCM Group Industrial Contractors Inc. and certain of its Canadian affiliates and subsidiaries. On closing, PNC Bank held one hundred per cent of the commitments.

The DCM Group, a privately-owned enterprise, brings together a family of trade-specific companies under one common management and ownership group. The member companies, although autonomous, have always operated in a close partnership, building off of each other’s strengths.

Norton Rose Fulbright Canada LLP represented PNC Bank with a team comprised of Arnold Cohen, David Amato, Amanda Fortuna and Zachary Frenkiel.