Daily News: March 19, 2015

BofA Business Capital Provides $20MM ABL to Connexity

Bank of America Merrill Lynch has provided a $20 million asset-based revolver to Connexity. The proceeds were used to support the acquisition of Become, and to recapitalize the company.

“Connexity is pleased to have entered into this financing agreement with Bank of America Merrill Lynch,” said Bill Glass, CEO of Connexity. “We value the collaborative relationship we have developed and look forward to continuing to grow together.”

Jeff McLane, president of Bank of America Business Capital, said, “We look forward to helping Connexity through this financing and supporting the company’s continued growth.”

Connexity is a technology-driven marketing solutions company.