BankBoston Corp.'s new high-yield finance group, Back Bay Capital LLC, has completed its first two financings, worth a combined $23 million.

The group, formed this year, underwrote a $10 million term loan for Factory Card Outlet, a chain of party supply stores based in Naperville, Ill., and a $13 million revolving credit facility for Texfi Industries, a New York-based textile maker.

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