Fifth Third Business Capital provided $14.5 million in refinancing to Alliance Precision Plastics. The refinancing consisted of a revolving credit facility, a term loan and a capital expenditure line.
Founded in 1953, Alliance Precision Plastics is a manufacturer of thermoplastic component parts. The company sells primarily to the healthcare/hospital equipment, business office machine, consumer appliance, industrial equipment and sporting equipment markets.
Todd Wooten, southeast group head for Fifth Third Business Capital; David Enghauser, senior underwriter for Fifth Third Business Capital; and Andre Lemons, relationship manager for Fifth Third Business Capital were on the deal team for the transaction.
