News

PNC to provide $150 million in revolving credit to Emerge Energy

175px-PNClogo.svgPNC said last week it would provide Emerge Energy Services with $150 million in revolving credit that the Texas-based energy company will use towards corporate purposes and to refinance debt.

Emerge does business primarily through its subsidiaries, including Superior Silica Sands, Allied Energy Company and Direct Fuels. The company owns frac sand mining and processing operations in Wisconsin and Texas, and its fuel processing and distribution centers operate in Texas and Alabama.

PNC loans and treasury management products are provided by PNC Bank, an arm of PNC Financial Services Group–one of the nation’s largest financial services organizations.

Comments are closed.