Daily News: January 27, 2015

BofA Business Capital Provides Monterrey ABL Revolver

Bank of America Business Capital completed an ABL revolver for Monterrey Provision Company to refinance the company’s existing debt and provide ongoing working capital financing to support the firm’s increased growth.

“We’re very pleased to expand our relationship with Bank of America Business Capital,” said Luke Abbott, CEO of Monterrey. “This is an important step in the evolution and growth of our business and our ability to provide the highest level of customer service to our customer base.”

“Our relationship with Monterrey Provision Co. is a great example of Bank of America Merrill Lynch’s ability to provide seamless and efficient credit and liquidity management solutions to our clients,” said Jeff McLane, President of Bank of America Business Capital. “We look forward to helping Monterrey Provision grow and prosper in the coming years.”

Monterrey Provision Company specializes in purchasing, warehousing, marketing and distributing food and supplies to retail and foodservice customers.