Huntington Business Credit provided Paragon Steel Enterprises with $23 million in credit facilities. Proceeds of the facilities were used to refinance existing indebtedness, provide funds for plant expansion and for ongoing working capital 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.
Paragon Steel Enterprises, located in Butler, IN, is a steel processor specializing in prime and secondary sheet coils, including specialty processing and slitting services.
