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MB Business Capital Provides $11.25MM to Bolger

February 26, 2016, 07:57 AM
Filed Under: Printing

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $11.25 million senior credit facility to Minneapolis, Minnesota-based Bolger, LLC. Bolger provides commercial printing services, print-on demand, fulfillment capabilities, one-to-one marketing, direct mailing services and customized technology services such as SmartQ®. The company operates two printing facilities in Minneapolis, Minnesota, and serves clients in a number of market sectors, including corporate, financial, healthcare, luxury, education, and agency. Proceeds of the facility were used to refinance existing debt, realize the acquisition of Western Graphics, Inc., a provider of print on demand and commercial printing services located in St. Paul, MN, and to fund working capital needs.

“MB understands the printing industry and its challenges. We welcome the opportunity to assist Bolger with their acquisition of Western Graphics, which is a good strategic fit for them.” says Michael Sharkey, President of MB Business Capital.

“We are pleased to be working with the talented people of MB Business Capital who are assisting us in the Western Graphics acquisition. They have shown themselves to be strong business partners for Bolger, not only in this endeavor, but in other strategic business initiatives,” says dik Bolger, CEO of Bolger, LLC.

MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois.  MB Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

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