BofA Business Capital Expands Univar’s ABL Facilities
Bank of America Business Capital increased Univar Inc.’s asset-based revolving line of credit to $1.3 billion and provided a $100 million term facility. The $1.4 billion total loan facility for Univar will support acquisitions and assist in growing the company’s business.
Seattle, WA-based Univar is a global chemical distributor, providing both specialty and commodity products across broadly diversified end markets. Univar is a “one-stop” distributor of chemicals and provider of value-added services and related supply chain management to its customers, including storage, packaging, blending, testing, quality assurance, formulation, application development and logistics for customers and suppliers.