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Bank of America Business Capital Amends Univar Inc.’s U.S., Canadian ABL

May 07, 2013, 07:13 AM
Filed Under: Distribution

Bank of America Business Capital has increased Univar Inc.’s Asset-Based Revolving Line of Credit to $1.3 billion and provided a $100 million Term Facility. The $1.4 billion total loan facility for Univar will support acquisitions and assist in growing the company’s business.

Founded more than 80 years ago and now headquartered near Seattle, Univar is a leading global chemical distributor, providing both specialty and commodity products across broadly diversified end markets. It is the No. 1 market leader in the U.S. and Canada and No. 2 in Europe. Univar is a “one-stop” distributor of chemicals and provider of value-added services and related supply chain management to its customers, including storage, packaging, blending, testing, quality assurance, formulation, application development, and logistics for customers and suppliers.

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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