Asset-based Lending

Provided by Bank of America Business Capital

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

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Asset-based Lending

Provided by Bank of America Business Capital

Bringing More Than 30 Years
of Industry Expertise to
Steel Companies Worldwide

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Asset-based Lending

Provided by Bank of America Business Capital

Helping Olympic Steel
Pursue Its Expansion Strategy

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Awards & Recognition

  • #2 Bookrunner of syndicated loans to U.S. Large Middle Market
    Thomson Reuters, Q1, 2014
  • #1 US Bookrunner of asset-based loans for the year 2013
    Thomson Reuters, 2013
  • #1 U.S. Bookrunner of asset-based loans for the year 2012
    Thomson Reuters, 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

White Paper

Spearheading a Turnaround at Milacron with Asset-Based Financing Company Into a Global Leader

Companies in cyclical industries can gain access to a predictable source of capital with an asset-based loan (ABL). A leader across multiple sectors, Milacron used asset-based financing to stage a turnaround, pursue a merger and position itself for future growth.

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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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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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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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