Bank of America Business Capital announced it has provided a new $50 million asset-based loan to Yellow Media Limited, owner and operator of some of the leading media and marketing solutions companies in Canada, including Yellow Pages Group.

Proceeds will be used for general corporate purposes. 

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than ten primary offices serving the United States, Canada and Europe. It provides corporate borrowers with senior secured loans of $10 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.