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Huntington re-introduces mezzanine financing.

Global Banking News-10 August 2010-Huntington re-introduces mezzanine financing(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 10 August 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Huntington Bancshares Incorporated (NASDAQ: HBAN), an Ohio-based regional bank holding company, has re-introduced its mezzanine finance business, to provide non-traditional financial solutions for corporate and institutional customers.

Huntington's mezzanine finance programme provides funding to established, medium-sized companies. 'Mezzanine financing is an important solution for a number of our clients,' said Steve Steinour, Huntington CEO, adding: 'Re-introducing it is part of our continued commitment to making financing available to growing businesses that are also creating new jobs.'

'Our typical customer is a company seeking a loan of USD1 to USD10m,' said Randy Stickler, Huntington senior executive vice president. Customers who get mezzanine financing may also want senior financing and treasury management services through Huntington. 'When a mezzanine transaction is combined with senior financing, the customer gets significant flexibility in terms of structure, negotiation and reporting,' Stickler said.

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Publication:Global Banking News (GBN)
Date:Aug 10, 2010
Words:189
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