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BMO Harris Bank Provides a $27MM Facility to Katy Industries

March 31, 2014, 07:19 AM
Filed Under: Manufacturing

BMO Harris Bank’s Asset-Based Lending group, a leading provider of middle market leveraged finance solutions, announced it was the sole lender for a $27 million senior secured revolving credit facility to Katy Industries, Inc., a Kohlberg & Company portfolio company.

Katy is a manufacturer and distributor of commercial cleaning products sold primarily to janitorial/sanitary and food service distributors. These distributors supply end users such as building service contractors, restaurants, hotels, healthcare facilities and schools. Katy's businesses serve this group of customers by producing and sourcing quality products and delivering them efficiently.

BMO Harris Bank’s Asset-Based Lending team combines proven middle-market lending expertise with the committed resources of a leading global investment bank. The results for both our corporate clients and private equity client’s portfolio companies are comprehensive financing solutions consistently delivered across a wide range of industries. Whether to support acquisitions, recapitalizations, growth in working capital, restructurings or turnaround situations, the group provides flexible financing solutions that are outside the typical lending criteria of most traditional banks.

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