Daily News: June 10, 2016

BofA Business Capital Provides $50MM Twin-Star International Facility

Bank of America Business Capital closed a $50 million revolving credit facility to Twin-Star International. Proceeds from the loan were used to help finance the acquisition of the company by private equity sponsor, Z Capital Partners and for ongoing working capital needs.

Headquartered in Delray Beach, FL, Twin-Star designs, manufactures and markets a broad line of decorative electric fireplaces, heaters, home furnishings and consumer electronics. The company has a market position in the electric fireplace category and is the primary supplier to many retailers across North America. Twin-Star’s energy-efficient products are designed to provide a more economical and environmentally clean alternative to traditional wood- and gas-burning fireplaces and to safely and efficiently heat commercial and residential areas.