Fifth Third Business Capital provided $14.4 million in refinancing to Energy Steel Products, a distributor of stainless-steel bar that sells to a network of more than 550 service centers.
The financing package consists of a revolving credit facility, a real estate term loan and a capital expenditure line.
Fifth Third Business Capital’s deal team for this transaction included Todd Wooten, Southeast group head for asset-based lending; Catherine Waltz, underwriter for asset-based lending; and Olga Santiago, vice president of commercial banking.
