Versa Capital Management announced that its portfolio company Bell and Howell has secured a $25 million revolving ABL credit facility from Bank of America.

The new financing provides the previously debt free Bell and Howell with a long-term capital structure that will facilitate its continued profitable growth. Bell and Howell, which has undergone a successful transformation over the past 24 months, provides customers globally with products and services that enrich communications and commerce in print, mail and parcels, and information infrastructure.

“I am pleased with the progress Bell and Howell has made over the last two years, including the successful spinoff and recapitalization of our BCC Software division in 2014,” said Ramesh Ratan, Bell and Howell CEO. “Our new credit facility with Bank of America provides us with the long-term working capital resources needed to invest in our business and continue our profitable growth. We remain focused on continuously innovating for our customers and providing opportunities for our employees. We look forward to continued success in partnership with Versa.”

“Today’s financing underscores the success of Bell and Howell’s renewal and promising future,” said Gregory L. Segall, Bell and Howell chairman and CEO of its controlling shareholder Versa. “Under the leadership of Ramesh Ratan, as well as COO Larry Blue and CFO Arthur Bergens and the rest of the team, Bell and Howell has transformed into a stable, profitable company with resources needed to continue expanding its customer offerings and sustain its growth trajectory well into the future.”