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.
Fifth Third Business Capital provided a $32 million revolving credit facility and real estate term loan to Laurel Grocery Company.
Fifth Third Business Capital provided a $9.8 million senior credit facility to Promise to Perform Industries to support a management buyout.
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.