Daily News: January 27, 2015

PrivateBank Provides Metal Manufacturers Facility

The PrivateBank announced it has extended a $16 million credit facility to Advantage Sintered Metals and Contact Technologies, powdered metal manufacturers based in Battle Creek, MI, and St. Mary’s, PA, respectively.

Advantage Sintered Metals and Contact Technologies are portfolio companies of Merit Capital Partners, an investor of mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries.