FirstMerit Bank Business Credit announced it has closed two recent transactions. They are:

Wisconsin Plastics, Inc.

FirstMerit Bank Business Credit closed a new $7.5 revolving loan facility and term loan facility to Wisconsin Plastics, Inc. on March 11, 2016.  Proceeds of the facility were used to refinance existing debt, provide working capital as well as facilitate future equipment capital expenditure needs.  

Wisconsin Plastics, Inc., headquartered in Green Bay, WI, provides design and development expertise, manufacturing and assembly solutions, storage and distribution capabilities, and many other value-added services. Their expertise includes value added plastic injection molding and metal fabricated parts.

Biery Cheese

Additionally, FirstMerit Bank Business Credit closed a new $37.6 million revolving loan facility and term loan facility to Biery Cheese on April 5, 2016.  Proceeds of the facility were used to refinance existing debt and provide working capital.    

Biery Cheese is a family-owned cheese processor with operations in Ohio and Wisconsin. 

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.