Daily News: December 6, 2017

Presidential Financial Provides $20MM Facility to CME


Presidential Financial provided a $20 million working capital facility to CME Acquisitions d/b/a Cleveland Metal Exchange. The funds were used to refinance the payoff to an existing lender, provide additional working capital and help facilitate further business expansion.

Headquartered in Twinsburg, OH, Cleveland Metal Exchange is a distributor of stainless steel and aluminum products throughout the U.S. and Canada.