FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News

Print

Bank of America Provides $30MM Loan to JD Norman Industries

July 26, 2013, 06:58 AM
Related: Bank of America

Bank of America Business Capital announced it has provided a $30 million asset-based loan to JD Norman Industries, Inc. to refinance existing debt and support the purchase of two subsidiaries of Federal-Mogul Corporation. The business units include a connecting rod machining operation in Windsor, Ontario, and a camshaft foundry in Lydney, England.

JD Norman Industries is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered product including formed, machined and cast metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products.







Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.