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Huntington Business Credit Announces Credit Facility for Midwest Iron and Metal Company LLC
July 13, 2020
Source: Huntington Business Credit
Huntington Business Credit announced it closed a new $10,500,000 credit facility with Midwest Iron and Metal Company LLC on May 29, 2020. Midwest Iron and Metal Company LLC is owned by Merit Capital Partners, a private equity firm based in Chicago, Illinois. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth 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.
Midwest Iron and Metal Company LLC, located in Dayton, Ohio, is involved in the collection, processing and resale of ferrous and non-ferrous scrap metals.
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