Sterling National Bank Provides $32,000,000 Credit Facility To Butler America Holdings, Inc.
October 8, 2019
Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $32,000,000 to Butler America Holdings Inc. (“Butler” or the “Company”).
Founded 46 years ago, Butler is a provider of outsourced specialty staffing services to large and mid-sized corporations including municipalities. Headquartered in Santa Barbara, CA, the Company currently provides staffing services to companies in 25 states, serving multiple industries including light industrial, warehousing, logistics, telecommunications, information technology and energy.
The transaction was originated by John Rossi, a Managing Director located in Sterling’s Boston office.