Fifth Third Business Capital provided a new $15 million senior credit facility comprised of a Capital Expenditure facilty and Revolving Line of Credt to support the refinancing of Puraglobe Syntainics, LLC.
Puraglobe Syntainics, LLC blends, packages, and distributes sustainable, full synthetic motor oils for passenger cars and motorcycles. The Company collects used motor oil globally and re-engineers it into API Group III base oil, which is sold directly to customers or blended to make sustainable, full synthetic motor oils. Syntainics is part of a global operation, Puraglobe Holdings, and is based in the Port of Tampa.