Fifth Third Business Capital Provides $4.5 Million in New Working Capital for World Class Technology Corp.

Fifth Third Business Capital announced it provided a $4.5 million revolving line of credit and term loans in working capital for World Class Technology Corporation.

About World Class Technology Corporation

World Class Technology Corporation (WCT) designs, manufactures, and markets a full line of proprietary orthodontic products, including self-ligating bracket systems, wires, elastics, buccal tubs, and other orthodontic supplies under its OC Orthodontics brand. WCT and its majority investor, Caltius Equity, requested that Fifth Third refinance existing debt facilities to provide for working capital to fund continued growth and future dividend distributions.

About Caltius Equity Partners

Caltius Equity Partners, founded in 1999, buys and builds lower middle market companies in the business services, industrial services, IT and managed services, and consumer services industries. The Los Angeles-based firm invests from $10 million to $30 million per transaction for controlling or substantial minority ownership positions in businesses generating EBITDA from $3 million to $12 million. Caltius Equity Partner’s creative and flexible solutions facilitate management buyouts, recapitalizations and corporate growth. Learn more at www.caltiusequity.com.

About Fifth Third Business Capital

Fifth Third Business Capital provides creative asset-based financing to middle market companies throughout the United States and Canada from $5 million and up. The team serves manufacturers, distributors, service companies, and retail chains with sales from $25 million and up, primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, capital expenditures, and turnarounds. Fifth Third Business Capital provides flexible structures that include revolving lines of credit and term loans, all supported by accounts receivable, inventory, equipment, real estate, and intangibles. As part of the overall financing, Fifth Third Business Capital also selectively considers cash flow term loans supported by sufficient operating earnings to repay these loans in a timely manner.

Fifth Third Business Capital is a division of Fifth Third Bank, National Association. Credit products are subject to credit approval and mutually acceptable documentation. In the United States deposit and credit products offered by Fifth Third Bank, National Association. Member FDIC.  Equal Housing Lender.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Mar. 31, 2021, Fifth Third had $207 billion in assets and operated 1,098 full-service banking centers and 2,383 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Mar. 31, 2021, had $464 billion in assets under care, of which it managed $58 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.