Huntington Business Credit closed $23,000,000 in new credit facilities with HCI-TSM Holding Corporation on December 23, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing capital expenditure and working capital financing.

HCI-TSM Holding Corporation., headquartered in Auburn Hills, Michigan, is a Tier 1 manufacturer of customized automotive components for powertrain, driveline, and chassis applications.

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.