Daily News: November 5, 2014

WBCC Provides ADI $14MM Facility

Webster Business Credit provided ADI American Distributors (ADI) with a $14MM Credit Facility consisting of a revolving credit, term loan and CAPEX line which was used to refinance existing debt and provide working capital for future growth.

Randolph, NJ-headquartered ADI is a distributor of electronic components primarily to the commercial and military aerospace industry under long term supply contracts.