Huntington Bancshares relaunches mezzanine finance business

DAYTON — Huntington Bancshares Inc. has relaunched its mezzanine finance business, according to an Aug. 9 statement.

The mezzanine finance business, described as “non-traditional” by Huntington, often offers credit to medium-sized firms that are seeking capital infusions for internal restructuring, external acquisitions, leveraged buyouts, debt restructuring or similar institutional changes. Mezzanine financing is considered non-traditional because it often results in loans larger than would be expected based on standard collateral advances. Such loans have terms of three to five years and typically range from $1 million to $10 million, according to Huntington.