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Bibby Financial Services Secures Credit Facility with Bank of America Business
Capital
Contributed by Administrator
Wednesday, 07 July 2004
Last Updated Monday, 21 January 2008
CHICAGO (Business Wire EON) December 12, 2007 -- "This facility provides us with the confidence that we have the
means to fulfill our ambitious growth targets in providing small to medium sized business in North America the financing
they need to grow their business," said Bibby Financial Services Director of Risk, Leigh Lones. "We are excited to be
working with Bank of America; they have provided us with the capital structure we wanted to be able to effectively service
our North American clients." Bibby Financial Services CFO, Ernie Jaseckas continued, "We have been impressed with
their treasury management capabilities, particular their ability to service our businesses based throughout the U.S. and
Canada."
Bibby Financial Services provides factoring, receivables finance, export finance and purchase order finance for growing
businesses with full service offices in Boynton Beach, Chicago, Dallas, Los Angeles, Nashville, Phoenix and Toronto. "As
part of a 200-year old, family-run business that has helped grow small businesses around the globe, we need a financing
partner that shares our entrepreneurial spirit as well as that of our clients," explains Stewart Chesters, Bibby Financial
Services COO. "In Bank of America Business Capital, we have found a partner with the capabilities to support our
ongoing growth in North America."
"This new loan will provide Bibby with the financial flexibility to implement its growth plans in North America, through
acquisitions and organically," said Joyce White, President, Bank of America Business Capital. "We hope to continue to
use our breadth of products and services to support the company as it grows geographically."
Bank of America Business Capital is one of the world's largest asset based lenders, with nearly 20 offices serving the
United States, Canada and Europe. It provides companies with senior secured loans, cash management, interest rate
and foreign exchange risk management, and a broad array of capital markets products. Visit
www.bofa.com/businesscapitalnews for more information.
To find out more about Bibby Financial Service's range of flexible finance solutions please contact 877-88-BIBBY or
visit www.bibbyusa.com.
Notes to Editors
Bibby Financial Services is wholly owned by the Bibby Line Group, a business-to-business services group with interests
in ship owning and operation, shallow water accommodation, oil field services, contract logistics and business finance.
Bibby Financial Services specializes in the provision of finance to small and medium sized enterprises across a wide
range of industry sectors. Operating via a global network of 28 autonomous operating companies in the United States,
Canada, United Kingdom, France, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased
more than $6 billion dollars of receivables and had more than 7,000 clients worldwide.
For more information on Bibby Financial Services, visit www.bibbyusa.com.
For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk www.bibbytf.com
www.bibbyfinancialservices.com
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