FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Bank of America Business Capital Leads $2 Billion ABL to Dell

November 22, 2013, 07:49 AM
Filed Under: Technology

Bank of America Business Capital announced it has led a $2 billion credit facility for Dell Inc. Proceeds will be used to help finance the acquisition of the company by Michael Dell and Silver Lake Partners and for ongoing working capital needs.

Based in Round Rock, Texas, Dell is a leading global information technology company that offers customers a broad range of products and services, including personal computers, servers, data storage devices, software, computer peripherals, HDTVs, cameras, printers and other devices. 

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.

See also: Reuters: Dell Launches $5.5B Loan to Back Leveraged Buyout from Sep. 12, 2013.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.