Bell Microproducts Refinancing Will Support European Operations

The new credit line, led by Bank of America, replaces a previous facility of about $60 million, and will be used to support increased business activities throughout Europe, said Don Bell, chairman and CEO of Bell Micro.

"With the growth in our core European business, our opening of Bell operations in seven countries on the European continent and the acquisition of the TTP Group, we wanted to ensure that we had ample financial resources to support our continued expansion across Europe and our ongoing investment in key programs," Bell said in a statement.

In particular, the new facility will enable Bell Microproducts to expand its storage and server solutions business, as well as software licensing, said Ian French, president of Bell Microproducts Europe.

Bell Microproducts also has operations in Belgium, France, Germany, Sweden, The Netherlands, Italy, Austria and the United Kingdom.