Fifth Third Bank provided $4.5 million in new working capital to World Class Technology, a company that designs, manufactures and markets proprietary orthodontic products, including self-ligating bracket systems, wires, elastics, buccal tubs and other orthodontic supplies, under its OC Orthodontics brand.
World Class Technology and its majority investor, Caltius Equity Partners, requested that Fifth Third refinance existing debt facilities to provide for working capital to fund continued growth and future dividend distributions.
Mark Looft, managing director of asset-based lending for Fifth Third; David Enghauser, director and senior underwriter for Fifth Third; and Wanda Alverio, principal and vice president for Fifth Third, oversaw the deal.
