Merrill Lynch & Co. beat out Texas Commerce Bank to lead a $125 million syndication for Imco Recycling Inc., adding another one-stop-shopping deal to its growing collection.

A meeting for 15 lenders was held Wednesday. The credit backs Irving, Tex.-based Imco's $58 million acquisition of aluminum recycler Imsamet from EnviroSource Inc., reaffirming Imco's number-one spot in the rapidly consolidating aluminum recycling industry.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.