FirstMerit Bank Business credit announced it recently closed two asset-based credit facilities totaling $35.2 million. The details are as follows:

Millenia Products Group

FirstMerit Bank Business Credit announced it closed a new $18 million revolving loan facility, term loan facility and capital expenditure loan facility to Millenia Products Group on October 16, 2015.  Proceeds of the facility were used to refinance existing debt and provide working capital.   

Millenia Products Group, headquartered in Itasca, IL, distributes steel and specialty metals and performs steel processing including stamping, roll-forming and fabrication.

Roller Die and Forming

Additionallly, FirstMerit Bank Business Credit announced it closed a new $17.2 million revolving loan facility, term loan facility and capital expenditure loan facility to Roller Die and Forming on October 19, 2015.  Proceeds of the facility were used to refinance existing debt and provide working capital.   

Roller Die and Forming, headquartered in Louisville, Kentucky, is a producer of standard and custom roll formed parts, serving customers primarily throughout the United States, Canada and Mexico.

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.