Daily News: May 3, 2012

Huntington Bank ABL Closes $15MM Facility for Universal Metals


Huntington Bank Asset Based Lending announced that it closed a new $15 million senior secured revolving credit facility to Universal Metals. Proceeds of the facility were used to refinance its existing bank debt and to provide additional working capital.

Universal Metals is located in Toledo, OH and is a distributor of both master and processed coils of steel.