$25 million
Refinance/Working capital
Representative Deals
- $25 millionRefinance/Working capital
Trucking company
Headquartered in Milwaukee, WI, Tankstar USA, Inc. is a truckload carrier specializing in tank truck transportation of dry bulk and liquid bulk commodities. The customer base is diverse and includes major shippers in the chemical, cement, food, and oil & gas industries. The company’s operations include 29 active terminal locations, primarily located in the Eastern and Southeastern regions of the United States.
Tankstar USA was looking for financing alternatives to support its improving financial and operational profile following an industry-wide downturn in recent years. Bank of America Business Capital provided a $25 million revolving credit facility to provide for ongoing working capital and general corporate purposes. Bank of America Merrill Lynch also is providing letters of credit and treasury management products and services.
- $35 millionRefinance$35 millionRefinance
Electronic manufacturing services provider
Headquartered in Norwalk, Ohio, EPIC Technologies, LLC is a specialty manufacturer of complex printed circuit board assemblies for the high mix, low- to medium-volume segment of the Electronic Manufacturing Services industry. Circuit boards are used in products including medical instrumentation, industrial controls, automotive, and consumer applications. EPIC manufacturers and assembles electronic components based upon customer specifications and designs.
EPIC Technologies, LLC was looking to refinance existing debt. Bank of America Business Capital provided a $35 million revolving credit facility to provide working capital and finance ongoing general corporate needs. Bank of America Merrill Lynch also is providing treasury management products and services.
- $45 millionRefinance/Other$45 millionRefinance/Other
Building industry product installer and supplier
Headquartered in Columbus, Ohio, Installed Building Products, LLC is one of the largest insulation contractors in the country with operations in 69 locations. The company sells and installs a wide range of products for new home construction and home improvement projects, including insulation, shower doors and enclosures, shelving, garage doors and much more.
Installed Building Products, LLC was looking to refinance existing debt. Bank of America Business Capital provided a $45 million revolving credit facility to finance ongoing general corporate needs. Bank of America Merrill Lynch also is providing letters of credit and treasury management products and services.
- $80 millionRefinance$80 millionRefinance
The leader in blue-collar staffing
Headquartered in Tacoma, Washington, TrueBlue, Inc. is the leading provider of temporary blue-collar staffing in the U.S., Canada and Puerto Rico. With over 700 branches, the company serves approximately 175,000 small to mid-sized businesses in the services, retail, wholesale, manufacturing, transportation, and construction industries.
TrueBlue entered into an Amended and Restated Credit Agreement with Bank of America Business Capital assuming the Administrative Agent's title. Bank of America Business Capital provided an $80 million revolving credit facility to provide for ongoing working capital. Bank of America Merrill Lynch also is providing letters of credit and treasury management products and services.
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:
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Manufacturing
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Wholesaling
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Distribution
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Services
Capabilities
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Asset-based structures of $10 million or more
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Revolving lines of credit
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Term loans with flexible amortization schedules
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Local structuring, underwriting and appraisal
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Ability to consider intangible collateral such as product line and trade name valuations, intellectual property or foreign assets
Loans support
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Recapitalization
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Restructuring and Turnarounds
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Leveraged Buyouts
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Refinancing
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Growth
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Working Capital
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Mergers and Acquisitions
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Capital Expenditures
Extensive resources
As a client, you can leverage a broad array of financial solutions from Bank of America Merrill Lynch, including:
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Junior and High Yield Debt
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Loan Syndications
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Treasury Services
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Interest Rate Protection
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Foreign Exchange and Commodity Risk Management
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Mergers and Acquisitions Advisory
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Capital Markets Products
Why choose us
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Customer commitment — we take pride in providing clients and intermediaries with a "best-in-class" experience
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Breadth of products/services — asset-based loans of $10 million or more, enhanced by the most extensive financial products and services in the industry
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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
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Leading service technology — proprietary web-based loan servicing system gives clients instant access to account information and day-to-day transactions
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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
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Global provider — offices serving the United States, Canada and Europe
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Stability — part of Bank of America Merrill Lynch, one of the largest financial services providers in the world
Perspective
Report
2012 CFO Outlook Spring Update
Not since last spring have CFOs been this confident in the U.S. economy, and their companies' financial performance. With plans for more hiring and greater profits in 2012, is sutainable growth ahead?
Download PDF (3 MB) MoreCapitalEyes
European Credit Problems will Likely Affect U.S.
As Europe walks the tightrope that is its debt crisis, it is unclear how a potential recession caused by less available credit will affect the rest of the world. A few things are clear, however. Capital will become dearer in Europe and it will have ramifications for companies operating internationally and at home.
MoreCapitalEyes
Strategic Cash Flow Management
In an uncertain economic environment, how do businesses successfully anticipate and respond to fluid cash flow situations? Given the competing demands on their attention, why should business executives be spending more time on cash flow analysis and scenario planning today? Sponsored by Bank of America Merrill Lynch and written by Inc. magazine, the following article presents several expert viewpoints on effectively assessing and planning for future cash flow needs to increase operational stability and create competitive advantages.
MoreCapitalEyes
Bank of America Merrill Lynch Ranked No. 1 in Asset-Based Lending in 2011
Bank of America Merrill Lynch was the #1 U.S. asset-based bookrunner in 2011, highlighting its leadership in commercial banking, according to league tables compiled by Thomson Reuters.
MoreCapitalEyes
Business Capital Asset-Based Financing Solutions (Mar./Apr. 2012)
Find out about some of the financing solutions that Bank of America Business Capital recently provided, such as the $80 million to the leader in blue-collar staffing TrueBlue, Inc. and $25 million to trucking company Tankstar USA, Inc. Visit the Deals & Transactions section of our web site where many of our client financing solutions are featured.
More- 2012 CFO Outlook Spring Update Report
May, 2012 - European Credit Problems will Likely Affect U.S. CapitalEyes
Mar. - Apr., 2012 - Strategic Cash Flow Management CapitalEyes
Mar. - Apr., 2012
- Bank of America Merrill Lynch Ranked No. 1 in Asset-Based Lending in 2011 CapitalEyes
Mar. - Apr., 2012 - Business Capital Asset-Based Financing Solutions (Mar./Apr. 2012) CapitalEyes
Mar. - Apr., 2012
News Media
- The news media may arrange an interview, obtain a byline article or request additional asset‑based lending information by contacting:
Jefferson George
Bank of America
Bank of America Newsroom