News
Hudson Baylor Secures Refinancing
March 10, 2003
Hudson Baylor Corporation is pleased to announce that it has completed its debt refinancing. This refinancing will help Hudson Baylor pursue several key growth opportunities, ranging from expanding its services in Arizona to upgrading its facilities in the east. Hudson Baylor continues to analyze a wide range of growth options, ranging from geographic expansion to new applications of its recycled commodities, and entering new recyclables markets. This refinancing, through Key Bank, will provide important financial flexibility for Hudson Baylor as the company continues to grow. The financing package includes a creative combination of equipment loans, a real estate mortgage, an equipment line of credit, and a working capital line of credit. Favorable terms and rates will provide Hudson Baylor with access to nearly $6.5 million. Hudson Baylor, The Recycling Professionals, specializes in recycling. Recycling is our business. We provide handling, processing, and transportation solutions for commercial and municipal clients in need of a recycling partner. 100% of the recyclable materials Hudson Baylor collects are sold to manufacturers to be made into new products. Hudson Baylor is the partner to be trusted when seeking recycling solutions.