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Fifth Third BC Provides New $35MM Revolver and Term Loan for AMICO

April 07, 2021, 07:15 AM
Filed Under: Manufacturing

Fifth Third Business Capital provided new $35 million revolving line of credit and term loan for Alabama Metal Industries Corporation (AMICO).  

Alabama Metal Industries Corporation (“AMICO”) was founded in 1939 in Birmingham, AL as a manufacturer of a myriad of metal-based products. Along the way, they opened a manufacturing plant in Toronto, Canada in 1989, acquired Diamond Perforated Metals in 1998, and acquired Erdle Perforating in 2012. The current owner recently elected to sell these divisions to Pacific Avenue Capital Partners (“PACP”) and Fifth Third Business Capital provided the senior debt to help facilitate the acquisition of these long-standing branded operations.

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