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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BofA Business Capital Provides $88.4MM in Financing to Scrap Metal Services
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Lenders/Participants
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Bank of America Business Capital [Lender]
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Structure
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$60MM Revolver; $24.4MM Term Loan; $4MM CAPEX Line
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Amount
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$88.400
Million
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Borrower(s)
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Scrap Metal Services, LLC
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Description
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Facilities include a $60 million asset based revolving credit facility, a $24.4 million term loan and a $4 million capital expenditure credit line. Proceeds were used to refinance existing debt and simplify the previous debt structure and will be used to support the company’s strategic plans. Transaction details not disclosed.
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Industry
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Recycling
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Location
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IL
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| Related Tags |
Bank of America Business Capital
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ABL Advisor
Deal Tables
2024
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