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Venable represented PNC Bank, National Association (PNC Bank) in a recent syndicated revolving credit facility for Under Armour, Inc., a Maryland corporation (Under Armour). In the transaction, PNC Bank, SunTrust Bank, Compass Bank, Bank of America, N.A., Branch Banking & Trust Company and Manufacturers and Traders Trust Company provided an initial revolving credit facility of $200,000,000 to Under Armour, which may be increased up to $250,000,000 subject to certain conditions and approvals (the Facility).

The Facility is secured by substantially all of the assets of Under Armour and its domestic subsidiaries, except trademarks, and by a pledge of 65% of the equity interests of Under Armour's foreign subsidiaries.

Chuck Morton, Bryan Rakes, Todd Gustin and Kathryn Calvert were involved in the transaction for Venable.