Huntington Business Credit Closes $16 Million in New Credit Facilities With Polymerica Limited Company & Subsidiaries
January 23, 2023
By Huntington Business Credit
Huntington Business Credit announced it closed $16,000,000 in new credit facilities with Polymerica Limited Company & Subsidiaries on December 8, 2022. Proceeds of the facility were used to refinance existing debt, support a partial recapitalization of the Company, and provide ongoing working capital financing.
Polymerica Limited Company & Subsidiaries, headquartered in Huntington Woods, Michigan, is a manufacturer of extruded, die-cut, and formed automotive interior parts that are sold directly to automotive manufacturers through North America and Europe.
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.
