Huntington Business Credit closed $13,536,000 in new credit facilities with Mills Products, LLC on May 24, 2022. Proceeds of the facility were used to provide acquisition financing and to provide ongoing working capital growth financing.
Mills Products, LLC, headquartered in Athens, Tennessee, is a manufacturer of roll-formed and tubular stamped metal products servicing the consumer appliance, after-market truck and automotive, and office furniture markets.
Mills Products, LLC is a portfolio company of Morris Capital Management, LLC, a family private equity office located in Chattanooga, Tennessee.
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.