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FirstMerit Bank Business Provides $10MM to IMEX Global Solutions

April 24, 2014, 07:44 AM
Filed Under: Logistics

FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan facility to IMEX Global Solutions, LLC on March 20, 2014. IMEX Global Solutions, LLC is a portfolio company of Lion Equity, a Denver-based private equity firm. Proceeds of the facility were used to refinance existing debt and provide growth capital. 

FirstMerit Bank Business Credit provides working capital and term loan facilities to middle–market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.

IMEX Global Solutions, LLC, headquartered in Newark, New Jersey, is a leading provider of international mail logistics and distribution services to Fortune 1000 corporations and global e-commerce companies globally to over 223 countries.

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