- $1.05 billion
Bank of America Business Capital provided a $1,050MM Asset-Based Revolving loan credit facility to MRC Global. Proceeds from the deal will be used to support general corporate purposes. Bank of America, N.A., acted as administrative agent, security trustee and collateral agent.
Headquartered in Houston, Texas, MRC Global, a Fortune 500 company, is the largest global distributor, based on sales of pipe, valves, and fittings (PVF) and related products and services to the energy industry and supplies these products and services across each of the upstream, midstream and downstream sectors.
MRC Global has operations in 20 countries and distributes products from over 400 locations.
- $900 million
Bank of America Business Capital provided a $900MM ABL Credit Facility to JBS USA LLC and JBS Australia Pty Ltd. Proceeds of the Facility will be used to support general corporate purposes.
Employing more than 85,000 people in North America and Australia, JBS USA is a leading animal protein producer and exporter with a leading position as a beef and lamb producer in the U.S. and Australia. JBS is also also a significant producer of pork in the U.S. An international industry leader, JBS USA is owned by JBS SA, a Brazilian multinational. Worldwide JBS SA is the largest animal protein processor in the world with 140 production facilities. The Company's global, diversified, low-cost production platform is the foundation for a variety of our products including food, leather, pet products and biodiesel.
- €60 million
Bank of America Business Capital provided a €60MM ABL Credit Facility to Chemtura Corporation. Proceeds from the deal will be used for working capital and other general corporate purposes for their operations outside of the US. The facility is supported by A/R and inventory outside of the US as well.
Chemtura Corporation is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals. The Company's products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates. The Company's agrochemical products are sold through dealers and distributors to growers and others. Its operations are located in North America, Latin America, Europe and Asia. In addition, it has important joint ventures primarily in the United States, but also in Asia and Europe.
- $100 millionDayco Canada Corp $60,000,000 Dayco Europe BV$40,000,000
Dayco Canada Corp $60,000,000 Dayco Europe BV$40,000,000
Bank of America Business Capital provided Dayco, LLC and its subsidiaries with $100 million in aggregate new global credit facilities.
Dayco is a global leader in the research, design, manufacturing and distribution of a broad range of belts, tensioners, dampers and pulleys for the Aftermarket, Automotive and Industrial end-markets
|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|