Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.

Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”). Kratos is a wholesale distributor of construction fasteners and steel building products. Fifth Third’s credit facility was used to refinance senior indebtedness and to fund working capital needs going forward.

“As a relatively new entrant to the competitive building products market, we took the time to understand the company’s value proposition to its vendors and customers. We structured a facility that provides Kratos with the flexibility for continued growth,” said Michael Sharkey, president of Fifth Third Business Capital.

“We considered many different lenders, but in the end, Fifth Third Business Capital, was the best fit for Kratos Building Products. Their belief in our vision and commitment to help us expand our overall business and distribution footprint set them apart from their peers. We are excited about our new relationship and feel this is the perfect relationship to supercharge our growth and ensure continuing success,” said Brad Martin, CEO of Kratos Building Products, Inc.

About Fifth Third Business Capital

Fifth Third Business Capital is a division of Fifth Third Bank that provides creative asset-based financing to middle market companies throughout the United States ranging from $5 million and up. The team serves middle market manufacturers, distributors and service companies; selected regional or national store-based retail chains with sales from $25 million and up, primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, debtor-in-possession, CAPEX and turnarounds. Fifth Third Business Capital provides flexible structures that include revolving lines of credit supported by accounts receivable and inventory and term loans, supported by equipment and real estate.

Credit products are subject to credit approval and mutually acceptable documentation. Nothing herein should be construed as legal, tax or accounting advice, nor a commitment to extend financing. In the United States deposit and credit products offered by Fifth Third Bank, 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, an Ohio-chartered bank. As of June 30, 2019, Fifth Third had $169 billion in assets and operated 1,207 full-service Banking Centers and 2,551 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North 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 June 30, 2019, had $399 billion in assets under care, of which it managed $46 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. Member FDIC.

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