Bank of America and Volvo Rents complete US$475,000,000 senior secured financing

On January 31, 2014, Blueline Rental, LCC, Blueline Rental Finance Corporation and Blueline Rental, Inc. and certain of their subsidiaries located in the U.S. and Canada (formerly the Volvo Rents entities, collectively, the Blueline Group) entered into a US$475,000,000 asset-based revolving credit facility (5 year tenure).  Bank of America, N.A., acted as Administrative and Collateral Agent for a lending syndicate of 10 international financial institutions. The revolving facility was completed in connection with the acquisition by Platinum Equity of the Blueline Group from the Volvo Group for US$1.1 billion.

The Blueline Group (formerly Volvo Rents) is a North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals.

Bank of America, N.A. was represented in Canada by Norton Rose Fulbright Canada LLP with a team comprised of Arnold Cohen, Serge Levy and Amanda Fortuna