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Bank of America Business Capital Provides $150 Million Asset-Based Loan to Sunstate Equipment Company.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
GLASTONBURY, Conn., May 26 /PRNewswire/ -- Bank of America Business Capital, one of the world's largest asset-based lenders, announced today that it has provided a $150 million asset-based loan to Sunstate Equipment Co., LLC, a regional construction rental equipment company. The credit facility was fully underwritten by Banc of America Securities, which also was sole book-running manager on $125 million in senior long-term notes. The revolver was used to refinance existing...

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