Bell and Howell has secured a $25 million revolving ABL credit facility from Bank of America. The new financing provides the previously debt free company with a long-term capital structure it says will facilitate its continued profitable growth.
“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 in a statement.
Bell and Howell, which has undergone a transformation over the past 24 months,sells products and services to enrich communications and commerce in print, mail and parcels, and information infrastructure.
“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.”
Headquartered with manufacturing in Research Triangle Park, N.C., the company maintains engineering, sales and business presence in Wheeling, Ill., Dallas, Texas, Allentown, Penn., Waterloo, Ontario, the United Kingdom and Germany.
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