Huntington Business Credit Closes Facility with Kent Water Sports

Huntington Business Credit announced it closed a new $50,000,000 credit facility with Kent Water Sports on December 31, 2020.  Proceeds of the facility were used to support the acquisition of Kent Water Sports by Seawall Capital, a middle-market private equity firm (www.seawallcap.com) and to provide ongoing working capital growth financing.              

Kent Water Sports, located in New London, Ohio, is a diverse platform of action sports brands serving the water sports, snow sports, hunting and fishing communities (www.kentwatersports.com).                    

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.