Huntington Business Credit Deal Announcement

August 5, 2019

Xpress Global Systems, LLC

Huntington Business Credit announced it closed new credit facilities with Xpress Global Systems, LLC on May 15, 2019.  Proceeds of the financing were used to refinance existing senior debt incurred with Aterian Investment Partners acquisition of Xpress Global Systems, LLC and provide ongoing working capital financing.      

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

Xpress Global Systems, LLC, located in Chattanooga, Tennessee, is a provider of logistic services to the rolled flooring covering industry.     

 

 

The Forest Products Group, Inc.

Huntington Business Credit announced it closed $13,800,000 in new credit facilities with The Forest Products Group, Inc. on May 22, 2019.  Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital financing.         

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

The Forest Products Group, Inc., located in Columbus, Ohio, is a wholesaler of lumber and building products.     

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