Huntington Business Credit closed $35,000,000 in new credit facilities with American Kenda Rubber Industrial Co. Ltd. (dba Kenda USA) on June 28, 2022.  Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
              
Kenda USA, headquartered in Reynoldsburg, Ohio, is an importer and distributor of tires for passenger vehicles, lawn and garden products, bicycles and motorcycles.
                          
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.