Fifth Third Business Capital provided a $15 million capital expenditure facility and revolving line of credit to Puraglobe Syntainics. Puraglobe Syntainics blends, packages and distributes sustainable, full synthetic motor oils for passenger cars and motorcycles.
Fifth Third Business Capital provided $14.5 million in refinancing to Alliance Precision Plastics, a manufacturer of thermoplastic component parts. The refinancing consisted of a revolving credit facility, a term loan and a capital expenditure line.
Fifth Third Business Capital provided a $9 million revolving line of credit to support BMI Merchandise, a provider of redemption merchandise and inventory management solutions.
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 arranged a $9 million senior credit facility for the recapitalization of Georgia-based Southern Ag Carriers.