FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Webster Business Credit Provides $14MM Credit Facility to ADI

November 05, 2014, 07:17 AM
Filed Under: Distribution

Webster Business Credit Corporation has provided ADI American Distributors, Inc. ("ADI") with a $14MM credit facility consisting of a revolving credit, term loan and CAPEX line which was used to refinance existing debt and provide working capital for future growth.

ADI is a privately held business headquartered in Randolph, NJ. ADI is a value added distributor of electronic components primarily to the commercial and military aerospace industry under long term supply contracts. The company was founded in 1985 by its current owner, David Beck. In addition to its NJ location, the company has assembly operations in Oklahoma and subsidiaries in the UK and India.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.