03
Sep
01:00
PTC Group acquires multi-million dollar liquidity injection
Pipe producer PTC Group has secured $75 million in financing from JPMorgan Chase and private equity firm Black Diamond Capital, Kallanish understands from a company statement.
JPMorgan will provide a $65m loan to PTC, and Black Diamond Capital management will contribute $10m. The funding will not be available to subsidiary PTC Seamless, which filed for Chapter 11 bankruptcy in April.
The company stated the financing will “… significantly …
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