Huntington Capital Provides $3M Debt Recap to Parallel 6
April 15, 2015
Huntington Capital has announced the completion of a $3 million convertible senior mezzanine loan commitment in Parallel 6. The new financing will be used to recapitalize certain debt and to support the company's growth into new markets. Founded in 2009, Parallel 6 delivers mobile, digital and social engagement management solutions focused on influencing business and consumer behavior. Huntington's investment came from its Fund III, which closed last month with nearly $92 million in capital.