ST. LOUIS, MO- Huttig Building Products, a distributor of millwork, building materials and wood products, says it extended its $120 million credit facility through September 3, 2014. The arrangement, syndicated by General Electric Capital and Wells Fargo Capital Finance, can be increased to $160 million.
"We believe improved conditions in the lending market, coupled with the level of interest received from our lenders, made this an opportune time to complete our refinancing," says Philip Keipp, Huttig CFO. "The facility allows us to remain focused on meeting market challenges and growing our business." Headquartered in St. Louis, the125 year old Huttig distributes millwork and wood products for residential construction and home improvement, remodeling and repair work, through 27 distribution centers serving 41 states. Huttig's wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.
"We believe improved conditions in the lending market, coupled with the level of interest received from our lenders, made this an opportune time to complete our refinancing," says Philip Keipp, Huttig CFO. "The facility allows us to remain focused on meeting market challenges and growing our business." Headquartered in St. Louis, the125 year old Huttig distributes millwork and wood products for residential construction and home improvement, remodeling and repair work, through 27 distribution centers serving 41 states. Huttig's wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.
Have something to say? Share your thoughts with us in the comments below.