Opus Bank is pleased to announce it provided:

Title: Hudson Tool Steel Corporation
Amount: $3,397,000
Month: June
Year: 2015

Hudson Tool Steel Corporation

Opus Bank’s Commercial Banking division provides capital to support growth initiatives and refinance existing debt to Hudson Tool Steel Corporation

Overview of Transaction

  • Hudson Tool Steel Corporation, in business since 2002, specializes in cutting steel blocks to certain specifications and supplies tool steels, high-speed steels, carbon steels, and alloy steels to customers throughout the United States.
  • Opus Bank (“Opus”) provided a Formula Line of Credit for working capital and additional term debt to refinance existing debt.

Significance of Transaction

  • Opus provided Hudson Tool Steel Corporation with the necessary capital to support organized growth as well as an improved debt structure.

Opus Bank's Role

  • Opus partnered with Hudson Tool Steel to understand their business model and provide a capital structure aligned with the borrower’s strategic goals.
  • Opus also provided operational efficiencies for an east coast distribution location.

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