Insights

Bank of America Issues Loan Facility to Oneida Ltd. in Cross-Border Transaction

Choate represented Bank of America Business Capital as the agent, lender and issuing bank in connection with a revolving, asset-based loan facility to Oneida Ltd., Anchor Hocking, LLC, Oneida Canada, Limited, Anchor Hocking Canada, Inc. and certain affiliates, providers of consumer and commercial tabletop and food preparation products in the U.S. and Canada. The financing also included revolving commitments to Oneida's U.S. and Canadian entities, and extensive intercreditor negotiations with the borrowers’ term lenders.