First Business Bank’s ABL Team Funds $15MM Credit Facility to Fund Acquisition

First Business Bank’s asset-based lending team recently closed and funded $15 million revolving line of credit to fund the acquisition of a distributor of communications and payment systems through a corporate divestiture transaction.

“We’re pleased to support our client’s second acquisition with us, this time facilitating the purchase of a division from a Fortune 400 company,” Steve Bishop, president – ABL at First Business Specialty Finance, a subsidiary of First Business Bank, said. “This transaction demonstrates our ability to structure financing solutions for complex carve-out transactions that require specialized expertise and rapid execution.”