Huntington Business Credit closed $31.5 million in new facilities for two clients. Details of the transactions include:

  • $17.5 million revolving credit loan facility to Pittsburgh-based R&R Express, a provider of transportation and logistics services, to refinance existing debt, provide working capital and growth financing
  • $14 million revolving credit loan and term loan facilities to La Crosse, WI-based Badger Corrugating Company, a distributor of a full line of lumber, residential and agricultural building materials, to refinance existing debt, provide working capital and growth financing

Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBOs, MBOs recapitalizations, rapid growth, seasonal working capital build-up and turnaround situations.