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BofA Business Capital Provides $22.5MM Facility to Rosina Food Products

May 12, 2015, 07:41 AM

Bank of America Business Capital recently closed a $20 million revolving line of credit and $2.5 million term loan for Rosina Food Products, Inc. to refinance the company’s existing debt and provide ongoing working capital financing to support the firm’s growth.  In addition, Bank of America will provide Rosina with comprehensive treasury management services in the U.S. and Canada. 

“We’re very pleased to enter into this relationship with Bank of America Merrill Lynch”, said Russell Corigliano, CEO and President of Rosina.  “This is an important step for our business as we expand our customer base and product offerings”.

Jeff McLane, president of Bank of America Business Capital, said, “We look forward to helping Rosina Food Products through this financing and supporting the company’s continued growth.”

Rosina Food Products, Inc. produces and distributes frozen Italian pasta, meatballs, and prepared entrée products. The company offers appetizers, pizza toppings, eggplant, and sausage products; and ravioli, stuffed shells, tortellini, manicotti, specialty pasta, and pasta sheets. It sells its products to retail and foodservice channels, including supermarkets, supercenters, grocery stores, military commissaries, wholesale clubs, and restaurants in North America through a distribution network in the United States and internationally. The company was founded in 1963 and is based in Buffalo, New York. Rosina Food Products, Inc. operates as a subsidiary of Rosina Holdings, Inc.

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than 10 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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