Asset-based Lending

Provided by Bank of America Business Capital

Helping Olympic Steel
Pursue Its Expansion Strategy

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Asset-based Lending

Provided by Bank of America Business Capital

Turning assets into borrowing power,
new capital into fresh potential.

Learn more >

Awards & Recognition

  • #1 U.S. Bookrunner of asset-based loans for 1H 2013
    Thomson Reuters , 1H, 2013
  • #1 U.S. Bookrunner of asset-based loans for the year 2012
    Thomson Reuters, 2012
  • #2 Bookrunner of syndicated loans to U.S. Large Middle Market
    Thomson Reuters, Q1, 2012
 

Overview

Bank of America Business Capital provides asset-based loans of $10 million or more for working capital, acquisitions, expansions, turnarounds and debt restructurings. For nearly a century, companies from virtually every industry have turned to Bank of America Business Capital for sound financial solutions. As one of the largest asset-based lenders in the world — serving the United States, Canada and Europe — we're dedicated to helping middle-market and large corporate borrowers achieve their goals.

Lending Profile

For nearly a century, companies from virtually every industry have turned to Bank of America Business Capital for sound financial solutions. As one of the largest asset-based lenders in the world — serving the United States, Canada and Europe — we're dedicated to helping middle‑market and large corporate borrowers achieve their goals. Our proven track record and commitment to higher standards have resulted in lasting relationships and satisfied clients.

Who can benefit

Companies seeking financing solutions of $10 million or more can benefit from the flexibility and versatility of an asset-based structure. With experience in more than 200 industries, we serve companies in the following sectors:

  • Manufacturing

  • Wholesaling

  • Distribution

  • Services

Capabilities

  • Asset-based structures of $10 million or more

  • Revolving lines of credit

  • Term loans with flexible amortization schedules

  • Local structuring, underwriting and appraisal

  • Ability to consider intangible collateral such as product line and trade name valuations, intellectual property or foreign assets

Loans support

  • Recapitalization

  • Restructuring and Turnarounds

  • Leveraged Buyouts

  • Refinancing

  • Growth

  • Working Capital

  • Mergers and Acquisitions

  • Capital Expenditures

Extensive resources

As a client, you can leverage a broad array of financial solutions from Bank of America Merrill Lynch, including:

  • Junior and High Yield Debt

  • Loan Syndications

  • Treasury Services

  • Interest Rate Protection

  • Foreign Exchange and Commodity Risk Management

  • Mergers and Acquisitions Advisory

  • Capital Markets Products

Why choose us

  • Customer commitment — we take pride in providing clients and intermediaries with a "best-in-class" experience

  • Breadth of products/services — asset-based loans of $10 million or more, enhanced by the most extensive financial products and services in the industry

  • Experience — the largest share of middle-market and large corporate relationships of any bank in the United States, including more than 99 percent of the Fortune 500

  • Leading service technology — proprietary web-based loan servicing system gives clients instant access to account information and day-to-day transactions

  • Syndication strength — Bank of America Merrill Lynch is ranked No. 1 U.S. lead arranger of asset-based loans in volume, number of deals and market share by Thomson Reuters, 1Q 2011

  • Global provider — offices serving the United States, Canada and Europe

  • Stability — part of Bank of America Merrill Lynch, one of the largest financial services providers in the world

Article

Bank of America Business Capital President Jeff McLane Talks With The Deal

Bank of America Business Capital President Jeff McLane sat with Jonathan Marino, senior editor at The Deal magazine, to discuss manufacturing M&A and McLane's outlook on private equity trends, the credit market and why he's optimistic about U.S. companies. Following are highlights of the discussion.

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Article

The Race for Overseas Growth

As much as 85% of the GDP growth of multinational companies is likely to come from outside the U.S. over the next several years. But as companies dive into fast-growing international markets, organizational structures are sometimes slow to follow. In the areas of risk management, cash and liquidity management, and access to capital, new kinds of expertise are imperative to successful overseas expansion. A Bank of America Merrill Lynch panel shares their overseas outlook and the strategies needed for success.

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White Paper

Auto Supply Industry Rebounds, But Who Will Fund The Growth?

There were worries earlier this year that parts suppliers would not be able to retool and restart idled plants fast enough to meet the rising demand, but our view of the industry is that suppliers have met the first wave of the ramp-up, primarily because the rise has been steady rather than spiked. Another concern has risen, however: How will suppliers meet the demands of the wave of new auto models expected to be introduced within the next four years? 2008 to 2011, the dog that saw GM and Chrysler enter bankruptcy wagged the tail so hard it lost an estimated 57 parts makers and 20 percent of its work force, or 100,000 people.

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Case Study

Atlas Steels Financing Opens Door to More Opportunities

Bank of America Business Capital closed a A$50-million asset-based loan to allow Atlas Steels to expand its presence in the Australia/New Zealand market. Atlas Steels is the largest stainless and specialty steel manufacturer and supplier in the region.

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Article

Asset-Based Lending in Europe Today

"Bespoke ABL Financing" was a common theme at CFA's 7th Annual International Lending Conference at Bank of America Merrill Lynch in London in May 2013. This article quotes many of the conference leaders, panelists and organizers who discussed recent developments in cross-border lending and the outlook for European asset-based lending.

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Product Video

Finding Financing in Europe (BABC Video)

The U.K. is the "most favorable country in Europe for financing purposes, primarily because of its long history, precedents in the court system and the way that the commercial code is structured," explains Bank of America Merrill Lynch's Alister Bazaz.

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Product Video

Committing to China (BABC Video)

The Jordan Co. has been investing in China since the 1990s and has closed 26 deals there. Jordan's senior vice president Andrew Rice shared some of the lessons the firm has learned in this video conversation with editor-in-chief Mary Kathleen Flynn, which was shot at a recent conference on cross-border M&A hosted by Mergers & Acquisitions and Bank of America Merrill Lynch.

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Product Video

Cross-Border Lending: Sea of Change (BABC Video)

Years ago, "you could always tell the cross border lending expert at a bank because that was the person who could say no in 50 different languages," says Richard Kohn of Goldberg Kohn Ltd. To learn more about lending changes driven by the globalization of the U.S. middle market.

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Product Video

European Lending: What Happens When Things Go Wrong? (BABC Video)

Lenders looking to do business in Europe should think about, "what happens if it all goes wrong?" explains Norton Rose LLP's Michael Black. To learn more about where secured lenders are treated favorably or less favorably during a bankruptcy case, view this video conversation.

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CapitalEyes

International Transformation: Unlocking Value & Executing Abroad

Corporate and private-equity dealmakers increasingly recognize that international transactions will be a crucial part of any company's growth strategy. But the strategies and practices that are successful domestically don't always translate overseas — a lesson that middle-market companies need to learn quickly, or risk losses on their new ventures.

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