Daily News: November 22, 2013

BofA Business Capital Leads ABL Facility for Dell

Bank of America Business Capital announced it led a $2 billion asset-based credit facility for Dell Inc. Proceeds will be used to help finance the acquisition of the company by Michael Dell and Silver Lake Partners and for ongoing working capital needs.

Round Rock, TX-based Dell is a global information technology company that offers customers a range of products and services including personal computers, servers, data storage devices and more.

Previously on abfjournal: Bloomberg: AlixPartners Said to Support Dell’s Turnaround, September 25, 2013