Huntington Business Credit Closes $70 Million Credit Facility for Express Funeral Funding, LLC

Huntington Business Credit acting as Administrative Agent announced it closed a $70,000,000 new credit facility with Express Funeral Funding, LLC on June 23, 2023.  Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

Express Funeral Funding, LLC, headquartered in Jeffersonville, Indiana, is the nation’s largest privately held at-need insurance assignment funding provider.        

Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.