Huntington Business Credit closed new credit facilities with Watkins Incorporated in the amount of $22.5 million. Watkins Incorporated used proceeds of the facilities to refinance existing debt and provide ongoing working capital growth financing.
Watkins Incorporated is located in Winona, MN. The company has been in business since 1868 and is a manufacturer and distributor of food extracts, spices and seasoning mixes.
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.
