Huntington Business Credit closed a $40,000,000 new credit facility with Tex-Tube Company on May 25, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
Tex-Tube Company, headquartered in Houston, Texas, is a manufacturer and distributor of steel pipe and elliptical tubing to various industries.
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.