BofA Business Capital Provides $30MM ABL to JD Norman Industries
Bank of America Business Capital announced it provided a $30 million asset-based loan to JD Norman Industries to refinance existing debt and support the purchase of two subsidiaries of Federal-Mogul Corporation. The business units include a connecting rod machining operation in Windsor, Ontario and a camshaft foundry in Lydney, England.
JD Norman Industries is a manufacturer of metal components and systems with operations in the United States, Mexico, Canada and the United Kingdom. JD Norman manufactures highly engineered products including formed, machined and cast metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products.
Previously on abfjournal: Livingstone Advises JD Norman Financing by BofA, Medley Capital, July 16, 2013