Loan Syndication

Provided by Bank of America Business Capital

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

If you're looking to borrow more than $75 million, it's likely you'll need a lead lender with the credentials to syndicate the loan. A syndicated loan is typically structured and priced by the lead arranger or agent, who then sells portions of the credit to other lenders or investor groups under terms negotiated by the agent. Today's more diverse investor base often requires that a loan be structured to meet the needs of the market.

Bank of America Merrill Lynch's Loan Syndications Team is dedicated solely to underwriting, arranging, distributing, and trading senior floating-rate debt to investment and non-investment grade issuers.

Syndicating asset-based deals requires a particular set of skills—collateral exams as well as machinery, equipment, and real estate appraisals. What's really critical in syndication is the reputation of the lead arranger and administrative agent. A combination of expertise in both asset valuation and syndication is why Bank of America Business Capital is one of the largest asset-based lenders in the country in deals over $100 million.

White Paper

A Guide to Asset- Based Lending

Businesses with increased liquidity and working capital needs may find an asset-based loan (ABL) to be an attractive alternative to conventional bank financing. 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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White Paper

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

Whether it's asset-based lending to the North American operations of OAO Severstal, leading high yield executions for AK Steel, or advising on Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal SA's sale and purchase agreement with ThyssenKrupp AG, Bank of America Merrill Lynch offers deep expertise to steel companies across the globe.

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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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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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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

Frequently Asked Questions about Asset-Based Lending

Asset-based lending offers a powerful financing solution for midsized and larger companies that seek to maximize the value of their assets, achieve greater liquidity, and pursue new growth opportunities.

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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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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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