United Provides Revolver to Energy Services of America
Energy Services of America, parent company of C.J. Hughes Construction and Nitro Electric, announced it entered into a $5 million revolving line of credit financing arrangement with United Bank. This arrangement is in addition to the prior $8.8 million refinancing agreement reached between Energy Services, United Bank, and Summit Community Bank (WV).
Douglas V. Reynolds, president, said, “We are very appreciative of the confidence that our lenders have shown in Energy Services, C.J. Hughes, and Nitro Electric. We believe that getting this line of credit in place is further evidence that we are financially sound and have adequate operating capital to continue to serve existing customers while also expanding our customer base”.