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Huntington Business Credit Closes $36MM in New Credit Facilities with Trumbull Industries

December 13, 2022, 08:00 AM
Filed Under: Distribution

Huntington Business Credit closed $36,000,000 in new credit facilities with Trumbull Industries, Inc. on October 3, 2022. Proceeds of the facility were used to refinance existing debt, support a partial recapitalization of the Company, and provide ongoing working capital growth financing.
Trumbull Industries, Inc., headquartered in Warren, Ohio, is a distributor and value-added supplier of plumbing supplies, including pipes, valves and fittings, kitchen cabinets, appliances and countertops to contractors, home builders, remodelers, retailers and other commercial accounts.
Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.

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