Daily News: June 26, 2012

Hudson Technologies Executes $27 Million Credit Facility With PNC

Hudson Technologies, Inc. announced that it has executed a new, three-year $27 million secured revolving credit facility with PNC Bank. The new facility replaces the company’s previous $15 million revolving credit facility with Keltic Financial Partners.

Kevin J. Zugibe, chairman and CEO of Hudson Technologies commented, “We are at an exciting juncture in our growth. This new credit facility will not only help support our near term growth opportunity given the current R-22 phase out, but also strengthens our balance sheet for longer term growth efforts. We look forward to a long-term relationship with PNC, a leading national financial institution. We would also like to thank Keltic Financial for the outstanding relationship we have had with them for over eight years.”

Hudson Technologies, Inc. is a provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide(R) Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems.

Previously on abfjournal.com:

Hudson Technologies Receives Commitment for $27 Million Facility, Wednesday, May 30, 2012

Keltic Financial Expands Hudson Technologies’ Credit Facility, Tuesday, April 22, 2008