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Huntington Business Credit Closes New $25MM Credit Facility for Ames Copper Group

December 08, 2021, 07:55 AM
Filed Under: Metals and Mining

Huntington Business Credit closed a new $25,000,000 credit facility with Ames Copper Group, LLC on November 19, 2021. Proceeds of the facility were used to finance start-up expenses and to provide ongoing working capital growth financing.
Ames Copper Group, LLC, located in Shelby, North Carolina, is a start-up copper smelter producing copper cathode primarily used in the production of copper wire and rod.
Huntington 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.

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