Huntington Business Credit closed new $26.4 million credit facilities with Chandler Industries.

Chandler Industries is a portfolio investment of St. Louis-based Arch Equity Partners. Proceeds of the facilities were used to repurchase stock, provide for a dividend, refinance existing debt and ongoing working capital financing.

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