Daily News: December 17, 2012

FirstMerit Provides $35MM Facility to Ervin Equipment


FirstMerit Bank Business Credit said it closed a new $35 million revolving credit loan facility to Ervin Equipment. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital.

FirstMerit Bank Business Credit provides working capital and term loan facilities to middle-market companies for acquisitions, LBOs, MBOs recapitalizations, rapid growth, seasonal working capital build-up and turnaround situations.

Ervin Equipment, headquartered in Toledo, IL, is a provider of new and used equipment for the transportation industry in the U.S. and Mexico.