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Bank of America Business Capital Provides $40MM Revolver to Bridgewater Interiors

August 17, 2017, 07:11 AM
Filed Under: Automotive

Bank of America Business Capital has provided a $40 million asset-based revolving credit facility to Bridgewater Interiors, LLC. Proceeds were used to provide ongoing working capital financing to support its growth objectives.

Bridgewater Interiors, LLC, headquartered in Detroit, is a supplier of seating and overhead systems to automotive OEM customers. The company operates four production facilities, with three in Michigan and one in Alabama. Bridgewater Interiors is a certified Minority Business Enterprise (MBE) and was established in 1998 as a joint venture between Detroit based Epsilon Technologies, LLC and Adient US, LLC (formerly Johnson Controls, Inc.). Today, the company is a leading Tier I and Tier II automotive supplier, generating over $2 billion in revenues, and employs over 2,000 people.

“Bank of America Merrill Lynch is pleased to work with the Bridgewater Interiors management team as they execute on their growth plan,” said Jeff McLane, President of Bank of America Business Capital. “We respect their role in leading the way for other Minority Business Enterprises throughout the automotive industry and beyond as they continue to grow their own business.”

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