Printer Friendly

Huntington re-introduces mezzanine financing.

Global Banking News-10 August 2010-Huntington re-introduces mezzanine financing(C)2010 ENPublishing -

Global Banking News - 10 August 2010(c)2005 - Electronic News Publishing -

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.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Aug 10, 2010
Previous Article:Community & Southern Bank appoints two senior commercial banking officers.
Next Article:Emirates NBD raise JPY19bn in auto loan bond sale.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters