Bank of America, N.A. announces new senior secured asset-based lending revolving credit facility in favour of Video Equipment Rentals

December 11, 2014

Client: Bank of America, N.A.

On December 11, 2014, Video Equipment Rentals LLC and certain of its subsidiaries and affiliates (collectively the “VER Group”), entered into a senior secured asset-based revolving credit facility in the principal amount of U.S.$200,000,000. The facility is agented by Bank of America, N.A, as Administrative Agent and Collateral Agent.

VER Group is engaged in renting electronic equipment. Its products include audio equipment, AV and presentation systems, cameras, computers, LED equipment, lighting, rigging, truss products, monitors, projectors, and video equipment. The company serves corporations and individuals. VER Group is based in Glendale, California with additional offices in the United States, Canada, and Europe.

Norton Rose Fulbright represented Bank of America in Canada with a team consisting of Arnold Cohen, Amanda Fortuna and Sandro Muzzo, and in The Netherlands by Gijs van Leeuwen and Gino Bell.