BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it acted as sole lender for a $25 million senior secured revolving credit facility to MFRI, Inc.
MFRI, Inc. designs, manufactures and sells specialty piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. The company also manufactures custom-designed industrial filtration products to remove particulates from air and other gas streams.
BMO Harris Bank’s Asset-Based Lending team provides flexible financing solutions that work to help support acquisitions, recapitalizations, growth in working capital, restructurings, or turnaround situations.