FirstMerit Closes Cleaning Solutions Revolver
FirstMerit announced it closed a new $7.5 million revolving credit loan and capital expenditure loan facility to Cleaning Solutions on November 3, 2014. Cleaning Solutions is a portfolio company of LaSalle Capital Group based in Chicago. Proceeds of the facility were used to refinance existing debt and provide working capital.
Phoenix-headquartered Cleaning Solutions provides janitorial services primarily to grocery stores, large-format retailers and rental car agencies located throughout the U.S.
Littleton, CO-headquartered BNZ Materials manufactures a range of specialty industrial insulations.