Bank of America Business Capital recently closed a $200 million asset-based revolving credit facility for Exide Technologies.

“We are grateful for the support and leadership of Bank of America Merrill Lynch in structuring and arranging the $200 million ABL revolver,” said Phil Damaska, EVP and CFOat Exide Technologies. “In addition, their ability to provide global asset-based lending capabilities helped drive a successful process for the revolver, which includes tranches in Canada, the UK and the Netherlands.”

“We are pleased to provide a wide array of solutions to Exide that fits their specific needs,” said Jeff McLane, president of Bank of America Business Capital. “Bank of America Merrill Lynch has the ability to deliver seamless and efficient credit solutions to our clients and adapt as their businesses evolve.”

Exide is a producer, distributor and recycler of lead-acid batteries used in transportation, motive power, network power and military applications.