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


BofA Business Capital Provides $50MM Credit Facility to Twin-Star International

June 09, 2016, 08:01 AM
Filed Under: Manufacturing

Bank of America Business Capital recently closed a $50 million revolving credit facility to Twin-Star International, Inc.  Proceeds from the loan were used to help finance the acquisition of the company by private equity sponsor, Z Capital Partners, LLC. and for ongoing working capital needs.

Headquartered in Delray Beach, FL, Twin-Star designs, manufactures and markets a broad line of decorative electric fireplaces, heaters, home furnishings and consumer electronics. With a track record of excellent innovation, product quality and customer service, the company has achieved the leading market position in the growing electric fireplace category and is the primary supplier to many retailers across North America. Twin-Star's energy-efficient products are purposefully designed to provide a more economical and environmentally clean alternative to traditional wood- and gas-burning fireplaces and to safely and efficiently heat commercial and residential areas.

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.

Week's News

Comments From Our Members

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