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Bank of America Business Capital Provides $65MM Credit Facility for Marco Polo Int’l

July 30, 2014, 07:47 AM
Filed Under: Distribution

Bank of America Business Capital (BABC) has completed a senior secured revolving credit facility for Marco Polo International, Inc., to refinance the company’s existing debt and provide ongoing working capital financing. 

“Marco Polo is pleased to have entered into this financing agreement with Bank of America Merrill Lynch,” said Marco Liuzzo, President and CEO of Marco Polo. “We value the collaborative relationship we have developed and look forward to continuing to grow together.”

Jeff McLane, president of Bank of America Business Capital, said, “We are proud to partner with Marco Polo and support them as they strive to innovate and grow their business manufacturing process.”

Founded in 1985, Marco Polo, headquartered in Melville, NY, is a privately held company that internationally distributes prime, generic prime, and wide specification PP, PE, and PS resin pellets. The company has adapted and evolved into a firm capable of meeting the changing needs of contemporary global markets; that evolution is reflected in an extensive menu of products and services offered.

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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