Daily News: January 9, 2018

Blue Hills Provides ABL Facility to Franklin Paint


Blue Hills Bank closed a senior credit facility with Franklin Paint, a Franklin, MA-based manufacturer and distributor of traffic and athletic field marking paint, supplies and equipment.

The new facility allowed Franklin Paint to refinance its existing senior debt and support the company’s future working capital needs. Led by senior vice president of asset-based lending Keith Broyles, Blue Hills Bank worked with Franklin to create a structure that provides the company with the capital they need to grow their business.

“When we approached Blue Hills Bank, we asked if they could close quickly and before year-end,” commented Steve Schultz, executive vice president and CFO of Franklin Paint. “With little hesitation, Keith Broyles marshaled the requisite resources and accomplished the close with time to spare. We are very pleased to be with a bank that listens and responds to its customers.”

“We are very pleased to welcome Franklin Paint as a new customer to Blue Hills Bank,” said Kevin Malone, executive vice president, commercial banking at Blue Hills Bank. “Listening to customers, developing timely solutions and reliably delivering in a way that exceeds our customer’s expectations is what we are all about.”