Daily News: October 1, 2014

FirstMerit Closes Motor Castings Company Revolver

FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan and term loan facility to Motor Castings Company on August 1, 2014.

Proceeds of the facility were used to refinance existing debt and provide working capital.

Milwaukee-headquartered Motor Castings Company is a cast iron foundry engaged in the manufacturing and sale of casting components for diesel engines primarily serving the North American railroad and transportation industries.