Daily News: January 8, 2013

BMO Harris Provides $50MM ABL Facility to Prince Minerals


BMO Harris Bank’s Asset Based Lending group announced it was the administrative agent on a $50 million asset-based revolving credit facility to Prince Minerals.

Prince Minerals is a global processor and value-added distributor of specialty mineral products and additives used across a broad spectrum of niche industrial applications. Prince provides packaging, drying, milling, granulating, calcining, blending and mixing services together with research and development capabilities from 13 facilities across North America and Europe to customers in over 65 countries.

Prince partners with its suppliers and customers to develop a broad range of products for use in the brick, glass, agriculture, battery, chemical, foundry, refractory, steel, coal, oil and gas industries.