Daily News: October 21, 2013

MidCap Business Credit Completes ABL for Horn

MidCap Business Credit announced that it completed a $3 million asset-based credit facility for Horn Corporation, a custom manufacturer of corrugated boxes and protective foams located in Lancaster, MA.

In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.

MidCap Business Credit was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility.