Cash Flow Financing

Steel City Capital Funding (SCCF), a division
of PNC Bank N.A.

Our Approach

We are a specialty finance company serving Middle Market companies and Private Equity sponsors, expanding on the capabilities of PNC Business Credit.

Steel City's experienced team of lending professionals understand that potential goes beyond the numbers, accounting for your management team, your systems and processes, products, services and your market position.

Our extensive transactional experience allows us to understand your company. And, by understanding your company, we understand how to deliver solutions. As a division of PNC Bank, we remain a reliable funding source through market cycles. When creative financing alternatives are required, Steel City, in conjunction with PNC Business Credit, can be a ready source of capital for growing businesses.

Lending Criteria

Senior Steel City professionals average over 20+ years of lending experience and can structure innovative and flexible senior debt buyouts, acquisitions, growth capital, recapitalisations and refinancings to get deals done.

Most of our lending relationships fit the following criteria:

£5-25 Million Target Hold

With ability to underwrite larger amounts, and maturities up to 5 years with flexible amortisation schedules.

Primary Industries

Of manufacturing, retail, wholesale, distribution and services.

Stable History

Of sustainable revenue and cash flow.

EBITDA

Greater than £5 million.

We Get the Deal Done

At PNC Business Credit, “Done Deal” is not just a tagline.
It’s who we are.

Consistent, creative, reliable capital in all phases of the business cycle, delivered by leading dealmakers who are experts in their field. With us, it's more than confidence of execution. It’s a Done Deal.

Consumer 
 


Evergreen Garden Care

A portfolio company of

Exponent

€75,000,000

Super Senior Revolver
 

General Financing

Business Services
 


Cary Group

A portfolio company of

CVC
CVC

Super Senior Revolver
& Term Loan

Acquisition Financing

Business Services
 


Fastmarkets

A portfolio company of

astorg

£60,000,000

Super Senior Revolver
& Term Loan

Acquisition Financing

Lending Solutions

From Cash Flow-based senior term loans, and Junior Secured and Second Lien term loans for sponsored and non-sponsored transactions, Steel City’s extensive industry expertise recognises the value of a company offering expanded access to capital.

Junior Secured & Second Lien Financing

When senior lending doesn’t get you where you need to grow, Junior Secured lending through Steel City may be an answer. By leveraging capital with pricing more favourable compared to unsecured mezzanine debt and without diluting equity, Junior Secured lending can fill important gaps in your capital structure and provide the critical financing needed to achieve your goals.

Stretch Cash Flow

When a traditional asset-based or Cash Flow structure is insufficient, a stretch Cash Flow layer of financing may be a good fit. As a hybrid structure between Cash Flow and asset-based senior lending, companies are able to obtain the capital they need when asset value or Cash Flow by themselves may not be enough to meet their objectives.

$10+ Billion

  in junior secured, second lien and stretch cash flow commitments[1]

Want to learn more? Check out our latest brochure

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