Daily News: March 18, 2013

BMO Harris Closes $40MM Facility for American Dairyco


American Dairyco announced it has closed a $40 million term and revolving credit facility with BMO Harris Bank. Proceeds from the financing will be used to expand operations and to refinance existing indebtedness.

The deal was forged through the efforts of Sam Miller and Todd Giles, members of BMO’s national food and agriculture practice, and American Dairyco CFO, Nathan Drake.

“American Dairy represents BMO Harris Bank’s inaugural transaction for our Atlanta office,” said Todd Giles, managing director. “This transaction represents the type of financings we plan to facilitate and execute as we help companies grow in the Southeast and throughout our footprint.”

“We are pleased to welcome American Dairyco to our growing production agriculture loan portfolio,” said Sam Miller, managing director and group head, Agriculture, BMO Harris Bank.” As a top ten Agriculture Bank in the U.S., we are committed to assisting individuals and companies like American Dairyco to provide food and fiber to consumers here and around the world.”