Bank of America provides a full range of financial services to individuals, small businesses, and large corporations, including banking, investing, asset management, and risk management products. Customers access services via branches, online and mobile banking, and advisory and trading capabilities across consumer banking, wealth management, corporate and investment banking. Its breadth, scale, and global reach enable cross-service solutions and large-scale operations that few peers match. Its goal is to be a trusted, full-service financial partner helping customers manage money, grow assets, and navigate risk.
Company Size
10,001+
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1904
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Health Insurance
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Vision Insurance
Life Insurance
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Paid Vacation
Paid Sick Leave
Flexible Work Hours
Remote Work Options
Professional Development Budget
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DailyPay, the on-demand pay provider, has completed a $200 million asset-backed securitisation of its receivables. This marks the company's second such transaction, following a $200 million securitisation in June 2025. The New York-based firm now has approximately $1.4 billion in debt financing backed by its on-demand pay receivables, including a $960 million secured credit facility. DailyPay is the only on-demand pay provider to access the asset-backed securitisation market. The company serves more than 2,000 employers and over 6 million employees. Its platform allows workers to access wages they have already earned before payday, with DailyPay funding the transfers without affecting employer cash flow. Citi acted as lead bookrunner and structuring agent for the transaction.
Upsized facilities include a $300 million revolver and a $300 million delayed draw term loan, with lower pricing and expanded capacity to fund growth MACON, Ga.--(BUSINESS WIRE)-- Blue Bird...
Capitolis, a fintech developing technology for banks and financial institutions, has raised $220 million in new financing, comprising a $120 million Series E equity round and debt financing. The equity round values the company at $1.9 billion, up from $1.6 billion in 2022. The round was led by existing investor Citi and included new strategic investors Bank of America, Nomura, and Tradeweb Markets. Existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS also participated. Founder and CEO Gil Mandelzis said most funds will support Capitolis' recent acquisition of eSecLending, which expands the company into securities lending. Capitolis operates across Capital Marketplace and Portfolio Optimization businesses, helping financial institutions optimise resources and improve market efficiency.
ESCO Technologies Inc. entered into a new credit agreement on 29 May 2026, providing $1.5 billion in senior secured credit facilities with a syndicate of banks led by JPMorgan Chase Bank as administrative agent. The agreement became effective on 1 October 2026 and replaced the company's previous credit agreement dated 30 August 2023. The new facility comprises three components: a $500 million revolving credit facility, a $500 million term loan A facility, and a $500 million term loan B facility. On the closing date, ESCO borrowed approximately $1 billion under the new agreement to fund a transaction's cash purchase price, refinance existing debt, and cover associated fees and expenses. The obligations are guaranteed by ESCO and its material US subsidiaries and secured by substantially all tangible and intangible personal property.
Trimble has secured a $500 million unsecured delayed draw term loan facility with Bank of America serving as administrative agent. The Colorado-based company announced the agreement on 2 October 2026, though it has not yet drawn any funds. The facility allows Trimble to draw funds in up to four instalments before 29 January 2027, after which undrawn commitments will expire. Term loans mature two years following the initial draw date. Interest accrues at either the alternate base rate plus 0.00% to 0.750%, or the term SOFR rate plus 0.875% to 1.750%. Starting 1 December 2026, a ticking fee of 0.075% to 0.275% annually applies to undrawn commitments. The proceeds will be used for general corporate purposes. The agreement includes standard covenants and allows prepayment without penalty, subject to customary interest breakage costs.