Daily News: August 15, 2012

BofA Business Capital Agents ABL to Support Bain Acquisition


Bank of America Business Capital said it recently arranged and agented a $125 million senior secured, asset-based revolving credit facility for Consolidated Container Company.

A developer and manufacturer of rigid plastic packaging solutions in North America, Consolidated Container was acquired by affiliates of Bain Capital Partners, a global private investment firm.

The financing will be used for ongoing working capital needs and to help finance strategic growth opportunities for Consolidated Container.