Huntington Business Credit closed new $24 million credit facilities with Chicago American Manufacturing in February. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.
Chicago American Manufacturing is a manufacturer of fabricated steel products and consumer fans based in Chicago.
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.
