FirstMerit Bank Business Credit announced it closed a new $24.47 million revolving credit loan and term loan facilities to Morey’s Seafood International LLC on August 13, 2013.
Morey’s Seafood International LLC is a portfolio company of Acuity Capital Partners LLC located in Chicago, Illinois. Proceeds of the facility were used to refinance existing debt and provide ongoing 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.
Morey’s Seafood International LLC is a branded manufacturer and distributor of fish and seafood products to the club store, retail grocery, specialty food, foodservice, and hospitality channels headquartered in Golden Valley, Minnesota.