BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it acted as arranger, bookrunner and administrative agent of a $50 million senior secured revolving credit facility to Flack Steel, Ltd.
Flack Steel is a distributor and processor of flat rolled steel based out of Cleveland, OH. In connection with the new debt financing, Flack acquired Consolidated Metals Products, which specializes in coated and painted steel sold to the construction market.