First Dominion Capital has completed its third merchant banking transaction, a $36.5 million refinancing for Imrex LLC, a Long Island defense company.
New York-based First Dominion Capital is the merchant banking arm of Dominion Resources Inc., a Richmond, Va.-based electric power company.
The Imrex package includes a $30 million senior credit facility and $6.5 million in mezzanine debt. Proceeds were used to repay debt.
In January, First Dominion co-led with CIBC Oppenheimer Co. a $71.3 million credit facility for Transcare Inc., a New York provider of ambulance services controlled by ING Equity partners.
And in February the Dominion Resources unit provided a $30 million senior unsecured bond for AM Cosmetics Inc., also based in New York.