Daily News: December 6, 2019

HBC Closes Two Facilities Totaling $72.7MM


Huntington Business Credit provided a $40 million credit facility for TeleTracking Technologies and a $37.2 million facility for Laminate Technologies.

Pittsburgh-based TeleTracking used the facilities to provide for growth, refinance existing debt and ongoing working capital financing.

The company provides workflow automation solutions to hospitals and healthcare systems.

Tiffin, OH-based Laminate Technologies is a manufacturer of laminate panels.

Proceeds of the facilities were used to refinance existing debt and ongoing working capital financing.