Bank of America Business Capital Provides US$250 Million Asset-Based Loan to American Commercial Lines LLC.
PR Newswire Europe, March, 2005
JEFFERSONVILLE, Indiana, March 3 /PRNewswire/ -- Bank of America Business Capital, one of the world's largest asset-based lenders, announced today that it was administrative agent for a US$250 million revolving credit facility to American Commercial Lines LLC, a leading U.S. inland marine transportation company. The facility will be used to refinance existing debt. The asset-based loan was syndicated by Banc of America Securities, which also was joint book manager of a US$200 million senior note offering.
"Bank of America Business Capital delivered a total financing package that allowed us to successfully refinance our business," said Mark R. Holden, president and CEO of American Commercial Lines. "They also were able to offer the flexibility we need to run...
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