MidFirst Provides $9MM Working Capital and Term Facility to Heat Transfer Tubular Products

MidFirst Business Credit (MFBC) provided a $9 million working capital and term facility to Heat Transfer Tubular Products (HTTP). Headquartered in Conroe, TX, HTTP is a value-added distributor of niche products for heat exchangers, condensers, boilers, feed-water heaters and economizers. HTTP also provides value-added services, such as cutting, finning, bending and heat-treating. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion. The transaction was completed on August 26.