Bank of America Business Capital Provides Euro 200 Million Asset-Based Loan to Waterford Wedgwood plc.
PR Newswire Europe, January, 2006
NEW YORK, January 5 /PRNewswire/ -- Bank of America Business Capital, one of the world's largest asset-based lenders, announced today that it provided a euro 200 million asset-based revolver to Waterford Wedgwood plc, one of the world's leading designers, manufacturers and marketers of high quality crystal, ceramics and tableware. In a separate facility, Banc of America Securities provided a US$60 million senior tranche B facility. The credit facilities will be used to refinance existing debt and support the company's restructuring effort. Bank of America also will provide letters of credit as well as foreign exchange and cash management products and services.
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