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Bank of America Business Capital Provides $60MM ABL to Milacron

August 02, 2012, 06:00 AM

Bank of America Business Capital has announced that it provided a $60 million asset-based credit facility for Milacron LLC.

As an integral part of its recent acquisition by private equity firm CCMP Capital Advisors, Milacron turned to Bank of America Business Capital for financing assistance. Building on an existing relationship that began in 2009, Bank of America Business Capital led a syndicate that extended a $60 million revolving credit facility to Milacron. The new financing will help support ongoing working capital and assist Milacron in pursuing its goals and objectives.

Milacron LLC, headquartered in Cincinnati, is a global leader in the plastics processing industry and a leading provider of premium fluids to the metalworking industry. With 22 principal facilities and approximately 3,000 employees, Milacron manufactures and supplies a broad and comprehensive portfolio of machinery and turnkey systems through integrated business units including Milacron Plastics Technologies, Ferromatik Milacron, DME, Uniloy, Milacron Americas Aftermarket, and CIMCOOL® Fluid Technology.

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