Huntington Business Credit Closes new $26,400,000 in Credit Facilities with Chandler Industries

Huntington Business Credit announced it closed new $26,400,000 credit facilities with Chandler Industries, Inc. on November 4, 2019.  Chandler Industries, Inc. is a portfolio investment of Arch Equity Partners located in St Louis, Missouri.  Proceeds of the facilities were used to repurchase stock, provide for a dividend, refinance existing debt and ongoing working capital financing.              

Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.

Chandler Industries, Inc., located in Minneapolis, Minnesota, is a multi-facility contract manufacturer specializing in precision machining, sheet metal fabrication, welding of high tolerance parts and complex components and assemblies.