BHI, a full-service commercial bank, announced that its International Consumer & Industrial Team has provided a $20 million revolving loan for North Shore Components, Inc., a global OEM distributor of electronic computer parts, components and hardware based in Bellport, New York.
North Shore Components is a worldwide sourcing company that has been in business for more than 20 years and has distribution centers in New York and Singapore. The company will use the new credit facility to refinance its existing line of credit, as well as for working capital.
“The expert team at BHI understood our needs and worked in close collaboration with us to complete the transaction. The bank has been a highly supportive partner as we pursue our strategic objectives,” said Joseph Ruggiero, CEO of North Shore Components.
“At BHI, we focus on our clients and take a customized approach to providing financial solutions tailored to the specific requirements of their business. We are very pleased to be working with North Shore and look forward to continuing a productive partnership,” said Salvatore Demma, First Vice President of BHI.
BHI’s International C&I Team works with US companies, international companies and Israeli middle market companies looking to grow and expand their operations in the US.
About BHI (www.bhiusa.com)
BHI, the U.S division of Bank Hapoalim, Israel’s leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate; general, domestic and Israeli C&I; private equity; food and beverage; apparel; healthcare; corporate banking; and high-tech. In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California.
