Daily News: March 6, 2014

BofA Business Capital Provides $20MM Teters Floral Revolver

Bank of America Business Capital completed a $20 million revolver for Teters Floral Products to refinance the company’s existing debt and provide ongoing working capital financing.

“Teters Floral Products is pleased to have entered into this financing agreement with Bank of America Merrill Lynch,” said John Silvestri, president and CEO of Teters Floral Products. “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 supporting Teters Floral Products through this financing and helping the company’s continued growth.”

Teters Floral Products is a multinational permanent botanical supplier — importing, assembling and distributing artificial floral products to wholesale and retail customers around the globe.