SOURCE: Suntron Corporation

Suntron Corporation

November 30, 2010 04:00 ET

Suntron Corporation Announces New Credit Facility by U.S. Bank Asset Based Finance to Support Growth

PHOENIX, AZ--(Marketwire - November 30, 2010) -  Suntron Corporation, a leader in the area of integrated Electronics Manufacturing Solutions (EMS) and Commercial Off The Shelf (COTS) technology with four facilities across North America, announced today the extension of its existing credit facility with the Asset Based Finance division of U.S. Bank. U.S. Bank is Suntron's primary bank and long-time financing partner.

"Our new, multi-year credit facility is larger than the one it is replacing, and we have a more favorable structure," said Jeff Wanago, CFO of Suntron Corporation. "In addition, this new arrangement will give us an increased ability to support the new and growing business we are seeing from our customers."

"We look forward to our continued partnership with Suntron Corporation and supporting it with a customized solution designed to help drive growth and expand business," said Sam Philbrick, president of U.S. Bank Asset Based Finance. "This partnership illustrates our commitment to delivering market leading asset-based financing solutions to middle market companies nationally."

About Suntron Corporation

Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the medical, aerospace & defense, industrial, networking & telecommunications, and semiconductor capital equipment market segments. Headquartered in Phoenix, Arizona, Suntron operates four full-service manufacturing facilities and two quick-turn manufacturing facilities in North America. Suntron's services include engineering services, printed circuit card assembly, box build, large scale and complex system integration, COTS & test. For more information, please visit: www.suntroncorp.com.

About U.S. Bank
U.S. Bank Asset Based Finance is one of the fastest growing asset based lenders providing financing solutions to middle market and large cap companies in the U.S. and Canada. Financing supports working capital, growth, acquisitions, and turnarounds across a wide spectrum of manufacturers, distributors, service providers and retailers. For more information, please visit: www.usbank.com\abf.

U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Contact Information

  • For further information, please contact
    Jen Winters
    (602) 282-5242
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