Huntington Business Credit Closes $70 Million to Support Stellex Capital Management’s Acquisition of The James Skinner LLC

June 17, 2024

Source: Huntington Business Credit

Huntington Business Credit acting as administrative agent closed $70,000,000 in new credit facilities with financing partners Proterra Investment Partners and Farm Credit Services of America to support Stellex Capital Management’s acquisition of The James Skinner LLC on May 1, 2024.  Stellax Capital Management is a private equity firm headquartered in New York.  Proceeds of the facility were used to provide acquisition financing, fund expansion growth, and ongoing working capital financing.

The James Skinner LLC, headquartered in Omaha, Nebraska, is a commercial bakery serving national retail grocery chains in the U.S,   
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.