Daily News: July 3, 2019

TAB Bank Upsizes Infrastructure Firm Facility to $22.4MM

TAB Bank has expanded a financing relationship with an existing client in the infrastructure products business, increasing the company’s working capital facility to $22.4 million.

The relationship was first formed in January of this year to allow the company to execute its strategic growth objectives. Shortly after closing the initial facility, the opportunity arose to acquire their biggest competitor and create the largest integrated supplier of infrastructure and paving products and solutions to heavy and highway contractors throughout the country.