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.
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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.
