Daily News: May 24, 2012

Wells Fargo Capital Finance Agents $150 Million for M. Holland

Wells Fargo Capital Finance acted as sole lead arranger and administrative agent on a five-year $150 million senior secured revolving credit facility to M. Holland Company and M Holland Canada Company. The facility will be used to refinance existing debt, for working capital purposes and to support M. Holland’s acquisition objectives.

Founded in 1950 by Marvin Holland and based in Northbrook IL, M. Holland Company is a family-owned North American distributor of plastic resins. The company distributes a full line of commodity and engineering thermoplastics. M. Holland is one of the top four North American distributors in the approximately 100 billion pound plastic resin market. M. Holland has sales offices, distribution centers and warehouse locations throughout the United States and Canada.

“We are pleased to announce the refinancing of our credit facility with Wells Fargo Capital Finance as our lead lender,” said CEO Ed Holland. “Wells Fargo committed to and structured a competitive, five-year facility to meet the capital needs of M. Holland. We look forward to a longstanding mutually rewarding relationship with them.”

“We are extremely excited about our new lending relationship with M. Holland,” said Andrea Hedrick, director at Wells Fargo Capital Finance. “The senior management team’s passion and commitment to their business translated into a seamless execution on our asset-based facility. We look forward to supporting this market leading company on the many opportunities that lie ahead.”