Huntington Business Credit closed $63,200,000 in new credit facilities with Ardisam, Inc. on June 22, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
              
Ardisam, Inc., headquartered in Cumberland, Wisconsin, is a manufacturer and distributor of sporting goods and outdoor products primarily through various retailers and e-commerce channels.           
              
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.