FirstMerit Bank Business Credit announced two recent deals totalling $65 million. The deals include:

Coalescence, LLC

FirstMerit Bank Business Credit announced it closed a new $5 million revolving credit loan facility to Coalescence, LLC on November 20, 2013.  Proceeds of the facility were used to refinance existing debt.

Coalescence, LLC, head quartered in Columbus, OH, operates as a custom dry ingredient blending company.

Mission Essential Personnel, LLC

FirstMerit Bank Business Credit announced it closed a new $60 million revolving credit loan facility to Mission Essential Personnel, LLC on November 27, 2013.  Proceeds of the facility were used to refinance existing debt.

Mission Essential Personnel, LLC, head quartered in Columbus, OH, provides and manages global specialized solutions to the US Military, US Department of Defense, State and Homeland Security, friendly foreign governments and multinational corporations.

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.