Huntington Business Credit closed a $50 million credit facility for Kent Water Sports to support the acquisition of the company by Seawall Capital, a middle market private equity firm. Proceeds of the facility were also used to provide ongoing working capital growth financing.
Kent Water Sports, located in New London, OH, is a platform of action sports brands serving the water sports, snow sports, hunting and fishing communities.
Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBOs, MBOs recapitalizations, rapid growth, seasonal working capital build-up and turnaround situations.
