BofA Business Capital Arranges Facility for Vi-Jon
Bank of America Business Capital completed a senior secured credit facility for Vi-Jon, Inc. to refinance the company’s existing debt, finance capital expenditure investment and provide ongoing working capital. The financing includes a revolving credit facility, a term loan and a capital expenditure facility to fund certain growth initiatives.
Vi-Jon is a manufacturer, developer and distributor of private label personal care products in the United States. The company makes such products as body washes, lotions, mouthwashes, shampoos and soaps.
While it is primarily a private-label manufacturer for national retail brands, Vi-Jon also develops and distributes its own brands, including Germ-X hand sanitizer. The company’s products are supplied to major U.S. retailers. Vi-Jon is a Berkshire Partners portfolio company.