Huntington Business Credit closed new $130 million revolving credit and term loan facilities with Gill Holding Company.
Proceeds from the facility were used to refinance existing debt and provide working capital and growth financing.
Headquartered in Grand Rapids, MI Gill designs, engineers, manufactures and sells various stamped metal products, complex assemblies and stamping tools and dies, primarily for companies in the auto industry in North America.
Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up and turnaround situations.
