Huntington Business Credit closed $21.815 million credit facilities with Advance Electrical Supply Company. The company used the proceeds to refinance existing debt, finance the acquisition of real estate and provide ongoing working capital growth financing.
Advance Electrical Supply Company is located in Chicago and is a distributor of electrical parts.
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.
