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PNC Financial offers Heniff Transportation $30 million in senior secured financing

PNC Financial Services announced last week it would provide $30 million in senior secured financing for Illinois-based Heniff Transportation Systems, which transports liquid bulk chemicals across the US and Canada.

The transaction will also include treasury management products, which include a lockbox and depository account.

Heniff, which provides transportation services for 70 percent of the top 50 US chemical manufacturers, has locations in Illinois, Pennsylvania, Tennessee, Louisiana and Texas and will be able to refinance existing debt.

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