Fifth Third Business Capital Provided $11.75 million in refinancing for Color Communications. Overseeing the deal was Joe Fobbe, managing director of business development, David Enghauser, director and senior underwriter and Jeff Much senior director of asset-based lending.
Fifth Third Business Capital provided $16 million in refinancing to support Orly International, a manufacturer of branded professional nail salon and personal care products.
Fifth Third Business Capital provided a new $19.3 million senior credit facility to Lewisville, TX-based VIRA Insight. The facility consists of a revolving credit facility, term loan and capital expenditure facility.
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.
Fifth Third Business Capital provided a $16.5 million asset-based lending solution to Tricon Precast, a manufacturer of concrete structures for infrastructure projects.
Fifth Third Business Capital provided a $6 million revolving credit facility to Cosmo Films, a manufacturer and supplier of biaxially oriented polypropylene (BOPP) and specialty flexible packaging films.
Wanda Alverio and Andre Lemons joined Fifth Third Business Capital as vice presidents and ABL principals. In addition, John Littrell was promoted to group head of portfolio management.
Fifth Third Business Capital provided a $35 million revolving line of credit and term loan to help Alabama Metal Industries Corporation (AMICO) facilitate the sale of Diamond Perforated Metals and Erdle Perforating to Pacific Avenue Capital Partners.
Fifth Third Business Capital provided a $25 million revolving line of credit to Consulting Solutions, a provider of information technology staffing services.
Fifth Third Business Capital provided a $13.8 million revolving line of credit and term loan to Hardin Holdings (dba Ancon Marine), an industrial services company based in Carson, CA.