Daily News: November 29, 2012

BMO Harris Bank Provides $24 Million to Fosbel

BMO Harris Bank’s Sponsor Finance group, a provider of middle-market leveraged finance solutions, announced it was the sole lead arranger, sole bookrunner and is administrative agent for $24 million in senior credit facilities to Fosbel Inc., a portfolio company of American Capital.

Fosbel is a world provider in furnace refractory maintenance services. For over 30 years, Fosbel has developed and implemented innovative technologies that extend furnace life and increase productivity in a wide range of industries. Fosbel’s industry experts partner with plant management & furnace operators to engineer a total maintenance solution that optimizes production, reduces maintenance & energy costs, and reduces emissions.