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Bank of America Business Capital Provides $30MM ABL to TSE

October 29, 2013, 07:49 AM
Filed Under: Transportation

Bank of America Business Capital announced it has provided a new $30 million credit facility to Transportation Solutions Enterprises. Proceeds will be used to refinance existing indebtedness and for future working capital needs

Transportation Solutions Enterprises (TSE) features a comprehensive portfolio of companies including a top-tier brokerage (TSG), a nationwide truckload carrier (F/X), a contract logistics management provider (3PLogic), world-class warehousing (Defined Logistics) and an intermodal company with more than five generations of experience (The Treppel Group). Together, the TSE companies offer a complete suite of transportation services designed to maximize value for shippers and carriers alike.

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than ten primary offices serving the United States, Canada and Europe. It provides corporate borrowers with senior secured loans of $10 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.

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