The credit facility from Bank of America Merrill Lynch will help US Lighting Tech to expand its inventory and working capital to deliver massive multi-year street lighting projects.
USLT develops a variety of commercial, industrial and municipal lighting applications having enhanced functionality, energy efficiency, maintenance and ease of installation.
Bank of America Merrill Lynch vice president, Business Banking Client manager Rebecca Zahabian said as part of Bank of America Merrill Lynch’s Environmental Business Initiative, we seek to mobilize capital to growing companies that not only help rebuild our economy, but also help advance energy efficiency.
USLT president Richard Ham said Bank of America Merrill Lynch helping support eco-friendly initiatives, such as the company’s induction lighting platform, that help local communities lower their carbon footprint while also saving money.
