BMO’s asset-based lending group served as sole lender on a cross-border senior secured ABL revolver facility to support MiddleGround Capital’s acquisition of HLC.
BMO, a provider of asset-based finance solutions, closed as sole lender on a senior secured credit facility in support of MiddleGround Capital’s acquisition of HLC. The ABL facility refinanced the companies’ existing credit facilities, partially financed the acquisition and will provide working capital financing to the company. With operations in both Canada and the United States, BMO’s cross-border asset-based lending team provided a seamless “One Bank” financing solution to the company.
