- $30 millionManufacturer of metal components and systems
Manufacturer of metal components and systems
Bank of America Business Capital 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 connecting rod machining operation in Windsor, Ontario and a camshaft foundry in Lydney, England.
JD Norman Industries, Inc. is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered product including formed, machined and cast metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products.
- $20 millionProvider of interactive media and connectivity services
Provider of interactive media and connectivity services
Bank of America Business Capital has provided a $20 million senior secured asset-based loan for LodgeNet Interactive Corporation.
LodgeNet Interactive Corporation is a leading provider of interactive media and connectivity services. The company was acquired by a syndicate of investors led by Colony Capital LLC, a global real estate investment firm and one of the largest investors in hospitality assets.
As an integral part of this strategic acquisition, LodgeNet and Colony Capital turned to Bank of America Merrill Lynch and its Business Capital group for financing assistance. Funds will be used for ongoing working capital needs and to help finance strategic growth opportunities for the company.
- $26.50 millionProducer of nuts, trail mixes, dried fruit mixes and chocolate covered nuts
Producer of nuts, trail mixes, dried fruit mixes and chocolate covered nuts
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.
Founded in 1921, A.L. Schutzman is based in Waukesha, Wisconsin and is known in the industry for their superior quality and product innovation. The Schutzman Company and its divisions; Ashdon Farms, Mallory's Finest and Devon's Chocolates produces a wide variety of nuts, trail mixes, dried fruit blends and chocolates.
- $100 millionApparel Manufacturing
As sole lender and administrative agent, Bank of America Business Capital has refinanced a $100 million asset-based credit facility for Haggar Clothing Co., Haggar Women's Wear, LTD and Haggar Direct, Inc. ("Haggar Clothing Co." or "the Company"). Proceeds will be used for general working capital purposes.
Since its beginnings in Dallas, Texas in 1926, the Haggar Clothing Co. has grown from a manufacturer of men's fine dress pants and slacks, into one of the most recognized apparel brands in the market, with Haggar® casual pants, dress pants and suit separates, offering head-to-toe clothing options for style-conscious men of all ages and professions. In addition to its Haggar brand, the company has launched the highly successful, and eco-friendly, LK Life Khaki Pant™ brand. Haggar Clothing Co today enjoys the #1 market position in men's dress pants in the United States, as well as the #2 share in men's casual pants.
|Company||Deal Size||Business Description||Deal Description|
|Ellis||Floorplan and Real Estate Financing|
|Huntington Beach Ford||Floorplan and Mortgage Loan Financing|
|Meador||Floorplan and Mortgage Exposure|
|Fletcher Auto Group||Permanent Real Estate Financing, Additional Floorplan and Derivative Exposure|
|Homerun Auto Sales||Floorplan, Mortgage and Capital Loan Exposure|
|Wallace Automotive||Floorplan, Real Estate and Acquisition Financing|
|Jenkins Auto Group||Floorplan, Mortgage and Acquisition Line of Credit Exposure|
|NextEra Energy|| |
Wind Energy Assets
|Wind Energy Assets||Subsidiary Tax Equity Partnership Investment|
|KEMET Corporation|| |
Electronic capacitors manufacturer
Headquartered in Simpsonville, South Carolina, KEMET Corporation is a leading manufacturer of capacitors, an electronic component consisting of conducting materials separated by a dielectric, or insulating material, which allows a capacitor to act as a filtering or an energy storage/delivery device. The company has a total of 21 manufacturing plants located in the southeastern United States, Mexico, Europe and Asia. KEMET’s products are sold into a broad range of industries including the computer, communications, and automotive, military, consumer, industrial and aerospace.
From 2006 to 2008, KEMET was impacted by challenging industry conditions which led to reduced volume and downward pricing pressure. After successful restructuring efforts coupled with an overall industry rebound, KEMET was looking for a traditional line of credit as a true backup liquidity facility. Bank of America Business Capital provided a $50 million revolving credit facility to support ongoing working capital needs. Bank of America Merrill Lynch also is providing letters of credit and treasury management products and services.
|Electronic capacitors manufacturer||Back-up Liquidity|
|H&H Charters|| |
|Portland, Oregon||Floor plan financing|