Huntington Business Credit closed $53,500,000 new credit facilities with Mol-Son, LLC and combined companies on July 29, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
               
Mol-Son, LLC and combined companies, headquartered in Mattawan, Michigan, design, manufacture and distribute plastic injection molded components and printed circuit boards, primarily for the automotive industry.
                          
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.