GE Capital Corporate Finance announced last week that it is agent for a $120 million asset-based credit facility to Huttig Building Products Inc., distributor of millwork, building materials and wood products. The loan refinances an existing credit facility and will be used to support working capital needs. GE Capital Markets served as co-lead arranger. GE also provides the company with equipment lease financing. Headquartered in St. Louis, Mo., Huttig is in its 125th year of business and distributes its products through 27 distribution centers serving 41 states.

“As a longstanding GE borrower, we value a lender who understands our business and works with us to meet our evolving credit needs,” says Philip Keipp, chief financial officer for Huttig. “GE’s knowledge of the building products sector and expertise in loan structuring helped provide us with financial flexibility and liquidity.”

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