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Fifth Third Business Capital Provides $25MM Senior Credit Facility to Phobio

January 26, 2021, 08:00 AM
Filed Under: Technology

Fifth Third Busines Capital provided a $25 million senior revolving credit facilyt to Phobio, LLC. Phobio provides specialized software and services for OEMs and retailers of electronic devices, utilizing proprietary platforms.

Fifth Third Business Capital provides creative asset-based financing to large corporate and middle market companies throughout the United States and Canada from $5 million and up. The team serves manufacturers, distributors, service companies, and retail chains with sales from $25 million and up, primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, capital expenditures, and turnarounds.

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