LBC Credit Partners provided a secured global term loan facility to support the acquisition of Hufcor by OpenGate Capital, a Los Angeles-based private equity firm.

LBC served as sole agent for the secured global term loan facility and worked with a major commercial bank which provided a revolving credit facility.

Founded in 1900 with headquarters in Janesville, WI, Hufcor is an installed brand of operable partitions. Hufcor offers its customers a global solution through manufacturing facilities in the U.S., Australia, New Zealand, Germany, China and Malaysia. The company’s products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.