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Huntington Business Credit Closes $39.4MM in New Credit Facilities with Santmyer Companies

April 18, 2023, 08:02 AM
Filed Under: Distribution

Huntington Business Credit closed $39,400,000 in new credit facilities with Santmyer Companies, Inc. on March 31, 2023. Proceeds of the facility were used to finance an acquisition, refinance existing debt and provide ongoing working capital growth financing.

Santmyer Companies, Inc., headquartered in Wooster, Ohio, is a wholesaler and distributor of refined petroleum products, operator of unattended card lock fueling stations, and operator of branded retail convenience stores.   
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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