Fifth Third Business Capital provided $16 million in refinancing to support Orly International.
Founded in 1975 by Jeff Pink, Orly International is a manufacturer of branded professional nail salon and personal care products sold via nail salons, direct-to-consumer channels and mass merchants throughout the world.
Fifth Third’s asset-based lending team and Fifth Third’s California middle-market commercial banking team combined efforts to bring a full suite of financial products to Orly, including refinancing the company’s revolving line of credit and refinancing a real estate term loan for the company’s headquarters.
The deal team consisted of Mark Looft, managing director of asset-based lending at Fifth Third; Cindy Jamroziak, senior vice president of asset-based lending at Fifth Third; Brandon Ferrera, California market executive of commercial banking at Fifth Third; and David Mangahas, vice president of commercial banking at Fifth Third.
