Daily News: August 8, 2012

BMO Harris Provides $75MM Credit Facility to Virginia College


BMO Harris Bank’s Sponsor Finance group said it was the joint lead arranger, joint bookrunner, documentation agent and is administrative agent for $75 million in credit facilities to support Virginia College in its acquisition of New England College of Business and Finance.

A portfolio company of Wills Stein & Partners, Virginia College, which is operated by Education Corporation of America, is a private, for-profit, accredited, post-secondary educational institution with campuses primarily in mid-sized markets in the Southern United States, as well as on the Internet.