Huntington Business Credit has closed $42 million in new credit facilities with Rush Group Ltd., dba Emotiv. Proceeds of the facility were used to finance capital expenditures and working capital financing.
Rush Group, headquartered in Wayne, Michigan, is a manager of the complete assembly and sequencing of modules for OEMs and Tier 1 auto suppliers.
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.