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News Stories (71 Results) - Bank of America Business Capital

Bank of America announced that Seth Benefield has been named head of Bank of America Business Capital (BABC) and Asset-Based Financing, succeeding Karen Sessions, who was named Head for the Pacific Southwest Region of Global Commercial Banking at... Read Story
August 28, 2020, 08:15 AM


Bank of America Business Capital announced three new senior vice presidents/business development officers: Brad Kuhn in the Midwest region; Sabrina Singh in the Midwest region; and Michael Pisani in Central and Eastern Canada. They will provide asset... Read Story
June 19, 2020, 09:00 AM


Bank of America Business Capital announced that Christopher Tran has been named Senior Vice President and Senior Business Development Officer in the Midwest. Based in Cleveland, he will join a team of business development officers who provide... Read Story
March 19, 2020, 09:25 AM


Bank of America Business Capital is pleased to announce three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region.  Each will oversee a team of business... Read Story
January 23, 2020, 09:10 AM


Seth Benefield was appointed National Marketing Manager for Bank of America Business Capital.Benefield will oversee a team of business development officers who provide asset-based solutions and banking products to large and middle market companies... Read Story
July 11, 2019, 09:10 AM


Bank of America Business Capital has provided an $800 million asset-based revolving credit facility to R.R. Donnelley & Sons Company. Proceeds were used to refinance an existing credit facility and to provide ongoing working capital financing to... Read Story
November 20, 2017, 07:15 AM


Bank of America Business Capital (BABC) announced that Karen Sessions has been named President, succeeding Jeff McLane, who was named U.S. Regional Commercial Credit Executive at Bank of America Merrill Lynch.  Sessions will lead an international... Read Story
November 17, 2017, 07:33 AM


Bank of America Business Capital has provided a $40 million asset-based revolving credit facility to Bridgewater Interiors, LLC. Proceeds were used to provide ongoing working capital financing to support its growth objectives.Bridgewater Interiors... Read Story
August 17, 2017, 07:11 AM


Bank of America Business Capital has provided an asset-based revolving credit facility to Thalheimer Brothers, LLC. Proceeds will be used to refinance existing debt and to provide ongoing working capital financing to support their short- and... Read Story
August 09, 2017, 07:14 AM


Seth Benefield is a senior vice president and marketing manager for Eastern United States and Europe at Bank of America Business Capital, part of the Wholesale Credit division at Bank of America Merrill Lynch. He is based in Atlanta, Georgia. In this... Read Story
October 06, 2016, 07:44 AM


MB Business Capital has opened a new office in Vancouver, Washington and announced that Kevin Schrader has joined its middle-market asset-based lending team as senior vice president. Scharder will source asset-based lending opportunities for MB... Read Story
August 16, 2016, 07:52 AM


Monroe Capital LLC announced Steve Hinrichs has joined the firm as Managing Director in its Los Angeles office. Hinrichs will serve as the firm’s Group Head for the Southern California region.“We are very excited to add Steve to the Monroe Capital... Read Story
June 29, 2016, 08:03 AM


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... Read Story
June 09, 2016, 08:01 AM


Bank of America Business Capital has named Ira Kreft as Marketing Manager for the Central Region to manage a team of business development professionals who deliver commercial banking and asset-based lending solutions to large and middle-market... Read Story
February 24, 2016, 08:07 AM


Bank of America Business Capital announced it has named Bruce Weidner and Austin Steel as senior vice presidents and senior business development officers to help deliver commercial banking and asset-based lending solutions to our clients, prospects... Read Story
November 05, 2015, 08:00 AM


Bank of America Business Capital recently closed a $30 million senior secured asset-based loan to Techniplas LLC. Techniplas is a market leading producer of highly engineered and technically complex plastic components and systems for the industrial... Read Story
August 17, 2015, 08:01 AM


Bank of America Merrill Lynchannounced that it is serving as administrative and collateral agent for an $80 million asset-based revolver to Ice Mobility. The proceeds refinanced and increased a prior facility, and will be used to support the... Read Story
July 31, 2015, 08:01 AM


Bank of America Business Capital announced it has named Daniel Stella and Eric Huff as senior vice presidents and senior business development officers in Pennsylvania, to help deliver commercial banking and asset-based lending solutions to our... Read Story
July 21, 2015, 08:12 AM


Live Ventures Inc., a wholly-owned subsidiary of Live Deal Inc., announced the closing of its first acquisition based on its strategy to acquire diversified and profitable companies:  Georgia-based Marquis Industries, Inc., a specialty... Read Story
July 16, 2015, 08:07 AM


Bank of America Business Capital recently closed a $71 million asset-based revolving credit facility to A.H. Harris & Sons, a leading construction supply company. Proceeds from the loan were used to complete a recapitalization of A.H. Harris by... Read Story
July 15, 2015, 07:53 AM


Bank of America Business Capital recently closed a $200 million asset-based revolving credit facility for Exide Technologies.  Exide is a leading producer, distributor and recycler of lead-acid batteries used in transportation, motive power, network... Read Story
June 22, 2015, 08:07 AM


Marquette Business Credit announced the addition of Jay Garcia to its expanding management team.  Garcia joins as a senior vice president, regional portfolio manager and will manage Marquette’s loan portfolio in the Dallas and Atlanta offices.  ... Read Story
June 10, 2015, 07:40 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... Read Story
May 12, 2015, 07:41 AM


Bank of America Merrill Lynch has provided a $20 million asset-based revolver to Connexity, Inc.  The proceeds were used to support the acquisition of Become, Inc. and to recapitalize the company.“Connexity is pleased to have entered into this... Read Story
March 18, 2015, 08:09 AM


Bank of America Merrill Lynch is joint lead arranger, joint bookrunner and syndication agent in a $150 million asset-based revolver to Readerlink Distribution Services (RDS).  Proceeds, in part, were used to acquire Baker & Taylor Marketing Services... Read Story
March 06, 2015, 08:06 AM


Rockland Trust announced it has promoted Michael Pandolfi to First Vice President of Asset Based Lending in the Commercial Lending  division. In this role, he is responsible for the origination of asset based lending relationships and the sale of... Read Story
March 05, 2015, 07:50 AM


Bank of America Business Capital announced it has provided a £115 million credit senior secured facility to Hewden Stuart Limited. The proceeds will be used to refinance existing indebtedness, support working capital and capital expenditure... Read Story
February 23, 2015, 08:06 AM


Bank of America Business Capital has completed a $25 million ABL revolver for Monterrey Provision Co., Inc., to refinance the company’s existing debt and provide ongoing working capital financing to support the firm’s increased growth. “We’re very... Read Story
January 26, 2015, 08:06 AM


Bank of America Business Capital has provided $21.4 million in senior secured credit facilities for Pro-Pet, LLC, a portfolio company of H.I.G. Capital. Proceeds will be used to refinance existing indebtedness and warrants, pay fees and expenses... Read Story
December 15, 2014, 08:19 AM


Capital One Bank announced that it has appointed Richard Levenson to the newly-created role of Senior Vice President of Portfolio Management in Capital One’s Commercial & Specialty Finance Group. Levenson is based in New York and will be responsible... Read Story
November 06, 2014, 07:23 AM


Bank of America Business Capital has provided a $20 million senior secured revolving credit facility for ShelterLogic LLC. Proceeds from this loan will be used to support the company’s new distribution facility on the West Coast and provide on-going... Read Story
October 23, 2014, 07:47 AM


Bank of America Merrill Lynch has agented and arranged a $125 million senior secured revolving credit facility for Brake Parts Inc LLC (“BPI”). In addition, Bank of America Merrill Lynch has arranged a $30 million senior term loan for BPI via a... Read Story
September 11, 2014, 07:04 AM


Bank of America Business Capital announced it has led a $22.1 MM asset-based revolving credit facility to support the acquisition of Hansen Corporation by ElectroCraft. The acquisition of Hansen Corporation, combined with the substantial ElectroCraft... Read Story
August 22, 2014, 07:52 AM


Capital One Bank announced the appointment of David Mazar as Director, Business Development Officer for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this new role, Mazar will be responsible for business... Read Story
August 19, 2014, 07:48 AM


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... Read Story
July 30, 2014, 07:47 AM


Bank of America Business Capital announced it has led an asset-based revolving credit facility to support the merger of The Vintner Group, Inc. and Winebow, Inc., both leading importers and distributors of fine wines and craft spirits. The combined... Read Story
July 23, 2014, 07:27 AM


Bank of America Business Capital announced it has provided a £35.9 million credit facility to Metal & Waste Recycling. Proceeds will be used to refinance existing indebtedness and to support working capital needs.Based in London, Metal & Waste... Read Story
May 22, 2014, 07:39 AM


Aequitas Capital, an alternative asset management company specializing in private credit and private equity strategies, today announced that it has reached an agreement with Bank of America Merrill Lynch for a three-year credit facility of up to $60... Read Story
May 14, 2014, 07:34 AM


Bank of America Business Capital has completed a senior secured revolving credit facility for Teters Floral Products, Inc., to refinance the company’s existing debt and provide ongoing working capital financing.  “Teters Floral Products is pleased... Read Story
March 05, 2014, 07:24 AM


Capital One Bank announced that it has appointed Daniel deBrauwere to the newly created role of Head of Capital One Business Credit, the bank’s national asset-based lending business. The Capital One Business Credit team is part of the Commercial and... Read Story
March 04, 2014, 07:21 AM


Bank of America Business Capital, acting as administrative agent, has closed a new five-year, $670 million consolidated asset-based revolver to the North American operations of OAO Severstal. The newly syndicated facility was used to refinance a... Read Story
January 24, 2014, 07:24 AM


Bank of America Business Capital announced it has led a $2 billion credit facility for Dell Inc. Proceeds will be used to help finance the acquisition of the company by Michael Dell and Silver Lake Partners and for ongoing working capital needs.Based... Read Story
November 22, 2013, 07:49 AM


Paula Langridge has joined Bank of America Business Capital (BABC) as a senior vice president and senior portfolio specialist in our London office. She previously was a senior portfolio manager at ABN AMRO Commercial Finance and has more than 17... Read Story
November 20, 2013, 07:39 AM


Bank of America Business Capital announced it has provided a new $22 million credit facility to Monarch Trading. Proceeds will be used to refinance existing indebtedness and for future working capital needs. Monarch Trading is a wholesaler/broker of... Read Story
November 15, 2013, 07:49 AM


Bank of America Business Capital announced it has provided a new $30 million credit facility to Transportation Solutions Enterprises. Proceeds will be used to refinance existing indebtedness and for future working capital needsTransportation... Read Story
October 29, 2013, 07:49 AM


Bank of America Business Capital announced Ira Kreft, Steve Pomerantz and Carolyn Glick have joined the bank as senior business development officers in Chicago and Los Angeles. Ira Kreft has rejoined BABC as a senior business development officer in... Read Story
October 22, 2013, 07:56 AM


Capital One Bank announced a name change for its asset-based and senior bank lending businesses from Capital One Leverage Finance to Capital One Business Credit Corp to more accurately reflect the group’s specialized financial product offerings. The... Read Story
October 08, 2013, 08:03 AM


Bank of America Business Capital announced it is leading a new $75 million credit facility for Steinway Musical Instruments, Inc. to support the company’s acquisition by Paulson & Co. Inc. and for working capital needs.Steinway is a global leader in... Read Story
October 02, 2013, 07:49 AM


Bank of America Business Capital announced it has provided a new $26.5 million credit facility to the A.L. Schutzman Company, Inc. Proceeds will be used to support working capital.  “We’re very pleased to enter into this relationship with Bank of... Read Story
September 26, 2013, 08:04 AM


Bank of America Business Capital announced it has provided a new $85 million credit facility to Seaton Corp. Proceeds will be used to refinance debt and support working capital, and the facility has been structured to increase seasonally to fit the... Read Story
September 24, 2013, 07:51 AM


Bank of America Business Capital announced it has provided a new $50 million asset-based loan to Yellow Media Limited, owner and operator of some of the leading media and marketing solutions companies in Canada, including Yellow Pages Group. Proceeds... Read Story
September 12, 2013, 07:25 AM


Crestmark announced the addition of James G. (Jim) Farrell as First Vice President, Midwest Regional Sales Manager. He reports through Ray Morandell, National Sales Director, and will work as a part of Crestmark’s growing East Division. He will... Read Story
September 04, 2013, 08:21 AM


Bank of America Business Capital announced it has provided a $32.5 million asset-based working capital facility to MIQ Logistics, including its operations in the United States and in the United Kingdom. Bank of America Merrill Lynch also is providing... Read Story
August 30, 2013, 07:38 AM


Sport Chalet, a  specialty sporting goods retailer, has amended its existing credit facility with Bank of America Merrill Lynch, increasing the facility to $75 million and extending its term. The amendment to the credit facility was entered into on... Read Story
August 15, 2013, 07:03 AM


Cole Taylor Business Capital (CTBC), a division of Cole Taylor Bank, announced the opening of a new regional sales office in Walnut Creek, California and the addition of a business development officer in Chicago. The Walnut Creek office will serve... Read Story
August 07, 2013, 09:06 AM


Bank of America Business Capital announced it has provided a $30 million asset-based loan to JD Norman Industries, Inc. to refinance existing debt and support the purchase of two subsidiaries of Federal-Mogul Corporation. The business units include a... Read Story
July 26, 2013, 07:42 AM


Bank of America Business Capital announced it has provided a $65 million asset-based loan to RCL Services Group, LLC and affiliates. Proceeds will be used to support working capital. RCL Services Group, LLC is a railroad signal construction and... Read Story
July 19, 2013, 07:21 AM


Bank of America Business Capital has completed a senior secured revolving credit facility for longtime client E.C. Barton & Company to refinance the company’s existing debt and provide ongoing working capital financing. “E.C. Barton & Company is... Read Story
June 18, 2013, 08:02 AM


Bank of America Business Capital has expanded its presence in the United Kingdom and Europe by closing a £110 million asset-based revolving credit facility for Doncasters Group Ltd. Through its London office, Bank of America Business Capital acted... Read Story
June 14, 2013, 07:12 AM


School Specialty, Inc. announced it has completed its financial restructuring and has officially emerged from its Chapter 11 reorganization. In conjunction with its emergence, School Specialty has a new, fully committed $175 million asset based... Read Story
June 12, 2013, 08:05 AM


Bank of America Business Capital has completed a senior secured credit facility for MV Purchasing, LLC to refinance the company’s existing debt and provide ongoing working capital. The financing includes a revolving credit facility and a term loan to... Read Story
May 23, 2013, 08:05 AM


Bank of America Business Capital has completed a senior secured credit facility for Vi-Jon, Inc. to refinance the company’s existing debt, finance capital expenditure investment and provide ongoing working capital. The financing includes a revolving... Read Story
April 22, 2013, 02:09 PM


Bank of America Business Capital closed a A$50 million asset-based loan for Atlas Steels, expanding its presence in the Australia/New Zealand market. Atlas Steels is the largest stainless and specialty steel manufacturer and supplier in the... Read Story
March 08, 2013, 07:49 AM


Remy International closed the refinancing of its existing senior secured Term B Loan with a new $300 million seven-year Term B Loan facility, through Bank of America, N.A. as administrative agent and joint lead arrangers Merrill Lynch, Pierce, Fenner... Read Story
March 06, 2013, 08:06 AM


Summer Infant, Inc., a global leader in premium juvenile products, has refinanced its outstanding revolving credit facility. Summer Infant has entered into a new fully underwritten loan and security agreement with Bank of America, N.A. that expires... Read Story
March 01, 2013, 08:11 AM


Bank of America Business Capital, as sole lender and administrative agent, has refinanced a $100 million asset-based credit facility for Haggar Clothing, Haggar Women’s Wear, and Haggar Direct. Proceeds will be used for general working capital... Read Story
January 11, 2013, 07:43 AM


Bank of America Business Capital has extended the $60 million revolving loan facility for Gulfside Supply, for general corporate needs. Gulfside has been a Bank of America Business Capital client since 2004. “Gulfside Supply has had a very positive... Read Story
November 16, 2012, 07:11 AM


In its capacity as administrative agent, Bank of America Business Capital has extended its asset-based credit facility for the W.C. Bradley Co. W.C. Bradley refinanced a $60 million revolver with the bank and will use the proceeds for general working... Read Story
October 18, 2012, 08:00 AM


Orchard Supply Hardware Stores Corp. closed on a new five-year senior secured credit facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America. The new... Read Story
October 18, 2012, 08:00 AM


Bank of America Business Capital recently arranged and agented a $125 million senior secured, asset-based revolving credit facility for Consolidated Container Company. A developer and manufacturer of rigid plastic packaging solutions in North America... Read Story
August 14, 2012, 08:00 AM


Bank of America Business Capital has announced that it provided a $60 million asset-based credit facility for Milacron LLC.As an integral part of its recent acquisition by private equity firm CCMP Capital Advisors, Milacron turned to Bank of America... Read Story
August 02, 2012, 06:00 AM