PNC Bank: Provides $25 million to Wisconsin paper manufacturer

PITTSBURGH, April 1, 2015 – PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. today announced the closing of $25 million in senior secured revolving credit for paper manufacture Appleton Coated, LLC. Based in Combined Locks, Wisconsin, the funds are being used as ongoing working capital. Additionally, PNC Bank is providing treasury management.
Appleton produces and distributes coated, uncoated, specialty and technical papers for commercial printing, textbook publishing and other custom applications.


The PNC Financial Services Group, Inc. (www.pnc.com) is one of the United States’ largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.



MEDIA CONTACTS:



PNC BANK

Maria Pasic

(312) 384-4640

[email protected]



APPLETON COATED

Ann Whalen

[email protected]

(920) 968-3809