Wells Fargo acted as administrative agent and U.S. Bank as collateral agent, account bank and collateral custodian on an amendment to Business Development Corporation of America’s revolving credit facility.
In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.
Business Development Corporation of America announced it entered into a $60 million senior secured revolving credit facility. Deutsche Bank AG, New York Branch is the lender and administrative agent.