- $1.35 billion
Bank of America Business Capital amended a $1.35 billion credit facility for Ryerson, Inc. The deal not only amended the credit facility but also reduced the interest rate and extended the maturity of the loan.
Ryerson Inc., a Platinum Equity company, is a leading North American processor and distributor of metals, with operations in the United States, Mexico, Canada, China and Brazil. The company distributes and processes various kinds of metals, including stainless and carbon steel and aluminum products
- $200 million
Bank of America Merrill Lynch served as Administrative Agent and Joint Lead Arranger on a new $1.1 billion, five-year revolving credit facility for AK Steel.
Headquartered in West Chester, Ohio (Greater Cincinnati), AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company operates seven steel plants and two tube manufacturing plants across four states: Indiana, Kentucky, Ohio and Pennsylvania.
- $670 millionProvider of steel and steel related mining products
Provider of steel and steel related mining products
Bank of America Business Capital arranged a $670 Million Asset-Based Revolver to the North American Operations of OAO Severstal.
Headquartered in Cherepovets, Russia, OAO Severstal is one of the largest vertically-integrated steel and mining businesses in the world, with operations in Russia, Europe, Brazil and the U.S. OAO is a public company with shares traded on the RTS, MICEX, and LSE. The North American operations consist of an integrated steel mill in Dearborn, Mich., (Severstal Dearborn) and a mini-mill in Columbus, Miss. (Severstal Columbus).
- $125 millionU.S. metals service provider
U.S. metals service provider
Bank of America Business Capital provided an asset-based credit facility for Olympic Steel for $125 MM for working capital needs. Bank of America Merrill Lynch's relationship with Olympic Steel dates back to 2001, when they participated in a new senior credit facility.
Olympic Steel has bypassed gold, silver, and bronze in favor of carbon, coated, and stainless steel. A steel service center, Olympic Steel provides flat-rolled sheet, coil, and plate steel products. Its processing services include cutting-to-length, slitting, and shearing, along with blanking, laser welding, and precision machining. It also makes tubular and pipe products. Olympic Steel operates through subsidiaries including Olympic Steel Lafayette and Chicago Tube and Iron (CTI). It has processing and distribution facilities mainly in the eastern and Midwestern US.
|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|
|Greenway Automotive Group|| |
|Orlando, Florida||Franchise acquisition financing|
|Frank Fletcher Kia|| |
|Bentonville, Arkansas||Floor plan financing|