Bank of America Business Capital (BABC) announced that Karen Sessions has been named President, succeeding Jeff McLane, who was named U.S. Regional Commercial Credit Executive at Bank of America Merrill Lynch. Sessions will lead an international...
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November 17, 2017, 07:33 AM
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Bank of America Business Capital recently closed a $30 million senior secured asset-based loan to Techniplas LLC. Techniplas is a market leading producer of highly engineered and technically complex plastic components and systems for the industrial...
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August 17, 2015, 08:01 AM
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Bank of America Merrill Lynchannounced that it is serving as administrative and collateral agent for an $80 million asset-based revolver to Ice Mobility. The proceeds refinanced and increased a prior facility, and will be used to support the...
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July 31, 2015, 08:01 AM
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Live Ventures Inc., a wholly-owned subsidiary of Live Deal Inc., announced the closing of its first acquisition based on its strategy to acquire diversified and profitable companies: Georgia-based Marquis Industries, Inc., a specialty...
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July 16, 2015, 08:07 AM
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Bank of America Business Capital recently closed a $71 million asset-based revolving credit facility to A.H. Harris & Sons, a leading construction supply company. Proceeds from the loan were used to complete a recapitalization of A.H. Harris by...
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July 15, 2015, 07:53 AM
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Bank of America Business Capital recently closed a $200 million asset-based revolving credit facility for Exide Technologies. Exide is a leading producer, distributor and recycler of lead-acid batteries used in transportation, motive power, network...
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June 22, 2015, 08:07 AM
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Bank of America Business Capital recently closed a $20 million revolving line of credit and $2.5 million term loan for Rosina Food Products, Inc. to refinance the company’s existing debt and provide ongoing working capital financing to support the...
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May 12, 2015, 07:41 AM
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Bank of America Merrill Lynch has provided a $20 million asset-based revolver to Connexity, Inc. The proceeds were used to support the acquisition of Become, Inc. and to recapitalize the company.“Connexity is pleased to have entered into this...
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March 18, 2015, 08:09 AM
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Bank of America Merrill Lynch is joint lead arranger, joint bookrunner and syndication agent in a $150 million asset-based revolver to Readerlink Distribution Services (RDS). Proceeds, in part, were used to acquire Baker & Taylor Marketing Services...
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March 06, 2015, 08:06 AM
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Bank of America Business Capital has completed a $25 million ABL revolver for Monterrey Provision Co., Inc., to refinance the company’s existing debt and provide ongoing working capital financing to support the firm’s increased growth. “We’re very...
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January 26, 2015, 08:06 AM
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Bank of America Merrill Lynch has agented and arranged a $125 million senior secured revolving credit facility for Brake Parts Inc LLC (“BPI”). In addition, Bank of America Merrill Lynch has arranged a $30 million senior term loan for BPI via a...
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September 11, 2014, 07:04 AM
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Bank of America Business Capital (BABC) has completed a senior secured revolving credit facility for Marco Polo International, Inc., to refinance the company’s existing debt and provide ongoing working capital financing. “Marco Polo is pleased to...
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July 30, 2014, 07:47 AM
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Bank of America Business Capital announced it has provided a £35.9 million credit facility to Metal & Waste Recycling. Proceeds will be used to refinance existing indebtedness and to support working capital needs.Based in London, Metal & Waste...
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May 22, 2014, 07:39 AM
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Bank of America Business Capital, acting as administrative agent, has closed a new five-year, $670 million consolidated asset-based revolver to the North American operations of OAO Severstal. The newly syndicated facility was used to refinance a...
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January 24, 2014, 07:24 AM
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Bank of America Business Capital announced it has provided a new $26.5 million credit facility to the A.L. Schutzman Company, Inc. Proceeds will be used to support working capital. “We’re very pleased to enter into this relationship with Bank of...
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September 26, 2013, 08:04 AM
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Bank of America Business Capital announced it has provided a $32.5 million asset-based working capital facility to MIQ Logistics, including its operations in the United States and in the United Kingdom. Bank of America Merrill Lynch also is providing...
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August 30, 2013, 07:38 AM
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Sport Chalet, a specialty sporting goods retailer, has amended its existing credit facility with Bank of America Merrill Lynch, increasing the facility to $75 million and extending its term. The amendment to the credit facility was entered into on...
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August 15, 2013, 07:03 AM
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Bank of America Business Capital has completed a senior secured revolving credit facility for longtime client E.C. Barton & Company to refinance the company’s existing debt and provide ongoing working capital financing.
“E.C. Barton & Company is...
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June 18, 2013, 08:02 AM
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Bank of America Business Capital closed a A$50 million asset-based loan for Atlas Steels, expanding its presence in the Australia/New Zealand market. Atlas Steels is the largest stainless and specialty steel manufacturer and supplier in the...
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March 08, 2013, 07:49 AM
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Bank of America Business Capital has extended the $60 million revolving loan facility for Gulfside Supply, for general corporate needs. Gulfside has been a Bank of America Business Capital client since 2004.
“Gulfside Supply has had a very positive...
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November 16, 2012, 07:11 AM
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