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FirstMerit Bank Business Credit Provides $6.5MM to Drexel Metals

January 25, 2016, 08:13 AM
Filed Under: Distribution

FirstMerit Bank Business Credit announced it closed a new $6.5 million revolving loan and capital expenditure facilities to Drexel Metals, Inc. on December 23, 2015.  Proceeds of the facility were used to refinance existing debt and to provide working 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.

Drexel Metals, Inc., headquartered in Louisville, KY, is a supplier of materials, equipment and accessories for metal roofing and arch building systems.

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