Daily News: July 30, 2014

BofA Business Capital Provides $65MM Marco Polo Facility

Bank of America Business Capital announced it completed a revolver for Marco Polo International to refinance the company’s existing debt and provide ongoing working capital financing.

“Marco Polo is pleased to have entered into this financing agreement with Bank of America Merrill Lynch,” said Marco Liuzzo, president and CEO of Marco Polo. “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 are proud to partner with Marco Polo and support them as they strive to innovate and grow their business manufacturing process.”

Melville, NY-headquartered Marco Polo is a privately held company that internationally distributes prime, generic prime and wide-specification PP, PE, and PS resin pellets.